By Dean Seal (March 11, 2022, 8:59 PM EST) — A New York federal judge said Friday that Ripple’s top executives will have to face the U.S. Securities and Exchange Commission’s individual claim against them, but denied the agency’s bid to strike a key defense in the closely watched crypto enforcement case.
U.S. District Judge Analisa Torres said in one of two orders that CEO Brad Garlinghouse and Chairman Christian Larsen have not convinced her to dismiss claims that they aided and abetted Ripple’s unregistered sale of $1.4 billion worth of the company’s signature digital asset, XRP, and violated securities laws with sales from their own personal XRP stash.
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