Ripple Chief Legal Officer: The US SEC’s Withdrawal of Charges Against Executives Is Not a Settlement, but a “Surrender”

October 20th, Ripple's Chief Legal Officer Stuart Alderoty posted on social media stating that "the U.S. Securities and Exchange Commission made a serious mistake when charging Brad Chris individually. Now they have surrendered and dismissed all charges against our executives. This is not a settlement. This is the SEC's surrender." Earlier today, the U.S. SEC dropped all charges against Ripple CEO Brad Garlinghouse and Executive Chairman Chris Larsen.