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Official: Judge drops charges against Ripple executives

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Ripple, has achieved yet another legal victory against the US Securities and Exchange Commission (SEC).  On October 23, a US District Court Judge signed an order officially dismissing the SEC’s charges against Ripple’s top executives , Brad Garlinghouse and Christian Larsen.  The ruling marks a significant milestone in Ripple’s battle with the SEC over allegations tied to the sale of XRP (XRP) tokens.  What happened? As revealed by Ripple defense attorney James K. Filan on October 23, Judge Analisa Torres of the US District Court in New York signed an order that officially dismissed the SEC’s legal charges against Ripple executives Garlinghouse and Larsen.  #XRPCommunity #SECGov v. #Ripple #XRP BREAKING: JUDGE TORRES SIGNS ORDER OFFICIALLY DISMISSING CASE AGAINST BRAD GARLINGHOUSE AND CHRIS LARSEN pic.twitter.com/TLXG51hSlP — James K. Filan (@FilanLaw) October 23, 2023 Cryptocurrency Crypto market erupts with $110 billion surg...

Binance faces increased SEC scrutiny as executives depart

As a wave of Binance staff, including its US CEO, resigns, the SEC intensifies its case, urging the court to allow deeper investigation into the crypto giant’s activities. In a court filing, the SEC recast accusations against CZ’s companies and asked a judge to greenlight a thorough probe into several Binance activities, including asset custody at the crypto exchange. The letter bashed Binance’s fight against this motion, calling the move a “half-hearted” attempt at denying the SEC access to essential company records and employee testimony. Binance has previously opposed the SEC’s motion to compel. Binance had also stressed that the court should, like the SEC, acknowledge the provided counsel narratives, meticulously prepared declarations, and a select collection of documents concerning the control over Binance’s customers’ assets. Furthermore, Binance believed that any remaining worries were essentially baseless and trivial. You might also like: Bina...