SEC Drops Charges Against Ripple Execs Garlinghouse and Larsen, But Continues Case Against Ripple Over XRP Sales

SEC moves to dismiss lawsuit against Ripple executives Brad Garlinghouse and Chris Larsen that began in 2020.

Ripple says the SEC's dismissal is a "stunning capitulation" after nearly 3 years.

The SEC continues its case against Ripple itself over XRP token sales.

It's unclear why the SEC dropped charges against the executives now with trial set for 2024.

The dismissals come as the SEC has other major crypto cases pending, like those against FTX's Sam Bankman-Fried.