- Ripple executives are officially cleared, but SEC’s next moves remain uncertain.
- Attorney Fred Rispoli suggests that the SEC could sue the executives after a successful appeal.
- SEC’s dismissal with prejudice raises questions about its confidence in other case theories.
U.S. District Judge Analisa Torres has formally endorsed the U.S. Securities and Exchange Commission‘s (SEC) dismissal of the case against Ripple executives Brad Garlinghouse and Chris Larsen.
However, legal experts in the community are analyzing the event, which means the U.S. regulator may be willing to settle alongside the potential to file another charge against the Ripple executives.
In a recent post on X, Attorney Fred Rispoli argued that the SEC could sue Ripple’s CEO and chairman after it succeeds in appealing the July 13 ruling. For context, the U.S. court ruled in July that Ripple’s programmatic sales and other distributions of XRP do not constitute investment contracts, as the SEC claimed.
Therefore, Rispoli believes the U.S. regulator can theoretically revive claims against Ripple’s executive if it successfully overturns the programmatic sales and other distributions rul…
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