"December 22, 2020. Just three days before Christmas, the SEC dropped what many called a nuclear bomb on the crypto industry: a lawsuit alleging that Garlinghouse, Ripple Labs, and Executive Chairman Chris Larsen had conducted an unregistered securities offering worth $1.3 billion."
"Instead of settling – the traditional path taken by most companies facing SEC action – Ripple chose to fight."
"On October 19, 2023, something remarkable happened: the SEC voluntarily dismissed all remaining claims against Garlinghouse."
Certainly helps to have $1.3b to pay the expensive legal bills to fight the SEC
"December 22, 2020. Just three days before Christmas, the SEC dropped what many called a nuclear bomb on the crypto industry: a lawsuit alleging that Garlinghouse, Ripple Labs, and Executive Chairman Chris Larsen had conducted an unregistered securities offering worth $1.3 billion."
"Instead of settling – the traditional path taken by most companies facing SEC action – Ripple chose to fight."
"On October 19, 2023, something remarkable happened: the SEC voluntarily dismissed all remaining claims against Garlinghouse."
Certainly helps to have $1.3b to pay the expensive legal bills to fight the SEC