The US Securities and Replace Commission (SEC) has dropped charges against Ripple CEO Brad Garlinghouse and Executive Chairman Chris Larsen, in step with an announcement from the company. The SEC brought the charges against Ripple and the 2 executives in December 2020, alleging that distributions of the digital asset XRP should always had been registered as a security. Ripple won a victory in July 2023 when a ruling declared XRP was as soon as no longer a security. The SEC then tried to allure the court’s ruling, but that effort failed. On Monday, October 25, the SEC brushed aside with prejudice the claims against Garlinghouse and Larsen that had been scheduled for trial next year.