SEC Drops Ripple Case
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Business & Economics
SEC drops case against crypto firm with ties to Trump, CEO says

68% Informative
SEC drops case against Ripple Labs , CEO Brad Garlinghouse says.
Ripple raised $1.4 billion through the sale of XRP crypto tokens in December 2020 .
The SEC sued Ripple and two executives for violating securities laws.
A federal judge ruled that the publicly sold tokens did not constitute a security, though she still fined Ripple $125 million .
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