Fox reporter: Many parts of the Ripple case still need to be resolved, and the SEC will not "give up without a fight."
October 22nd, 2023

American Fox reporter Eleanor Terrett tweeted that sources close to the SEC revealed that although the lawsuit against Ripple CEO Brad Garlinghouse and executive chairman Chris Larsen has been dropped, all other parts of the case, including securities classification and The determination of whether XRP sales constitute an investment plan still needs to be resolved, and it seems that SEC Chairman Gary Gensler will not "give up without a fight."

According to previous news, the US SEC's charges against Brad Garlinghouse and Chris Larsen were dismissed, which means that there will be no trial in April next year. This is also the third consecutive victory for Garlinghouse, Larsen and Ripple. In July this year, a judge ruled that "XRP itself is not a security," and the SEC's subsequent motion to appeal the Ripple case ruling was denied in October this year.

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