The SEC dropped all three lawsuits against Ripple, CEO Brad Garlinghouse, and co-founder Chris Larsen. The speaker calls it a complete win for Ripple and says the SEC secured no victories.
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There it is, folks. The lawsuit against Brad Garlinghouse, the CEO of Ripple, has just been dropped. Also, the lawsuit against Chris Larsen has also been dropped. So XRP won its case, Brad won his case, won his case, and Chris Larsen won his case. That's 3 for Ripple and XRP and 0 for the SEC. Obviously, this was going to get dropped. They did nothing wrong. A lot of people didn't know that there were actually 3 lawsuits issued by the SEC against the CEO— sorry, I'm sick— Brad Garlinghouse, the CEO, Chris Larsen, and XRP.