U.S Securities and Exchange Commission (SEC)
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Ripple CEO Brad Garlinghouse announces end of SEC case
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The end of a long-running legal battle between Ripple and the SEC comes four years after the US securities regulator sued the company over an alleged $1.3-billion unregistered securities offering in December 2020
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The SEC has yet to officially confirm its decision to drop the appeal against Ripple. While Ripple CEO Brad Garlinghouse announced the end of the four-year lawsuit, reports from The Block and Bankless indicate that the agency must still vote on the matter, leaving room for further regulatory action.
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