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TechFlow reported on October 21 that U.S. Fox News journalist Eleanor Terrett tweeted, citing sources close to the SEC, that although the lawsuit against Ripple CEO Brad Garlinghouse and Executive Chairman Chris Larsen has been dismissed, all other aspects of the case—including the classification of securities and whether XRP sales constitute an investment contract—remain unresolved. SEC Chair Gary Gensler appears unwilling to "surrender without a fight."
On October 21, Fox News reporter Eleanor Terrett tweeted, citing sources close to the SEC, that although the lawsuit against Ripple CEO Brad Garlinghouse and executive chairman Chris Larsen has been dismissed, all other aspects of the case—including the classification of securities and whether XRP sales constitute an investment contract—remain unresolved. SEC Chair Gary Gensler appears unwilling to surrender without a fight.
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