SEC Asks Judge to Dismiss Charges Against Ripple Co-Founder, CEO

SEC lawyers to discuss potential remedies against Ripple
Move could clear the path for the SEC to appeal parts of case

Christian Larsen.
Photographer: David Paul Morris/Bloomberg

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By Sabrina Willmer, Allyson Versprille, and Olga Kharif

October 19, 2023 at 9:19 PM UTC

Updated on

October 20, 2023 at 2:32 AM UTC

This article is for subscribers only.

The Securities and Exchange Commission asked a federal judge in New York to dismiss its case against crypto company Ripple’s co-founder Christian Larsen and Chief Executive Officer Bradley Garlinghouse.

The SEC and Ripple intend to meet about a briefing schedule for discussing “what remedies are proper against Ripple” for its violations tied to institutional sales of the XRP token, agency attorneys wrote Thursday.