CandleFocus Ripple CTO Sheds Light on SEC’s Decision to Exclude Co-Founder Jed McCaleb
2024-11-01
Author: Content Editor
Ripple CTO David Schwartz addressed questions regarding why co-founder Jed McCaleb was excluded from the SEC's lawsuit against Ripple. Schwartz speculated that McCaleb's departure from Ripple and lack of ongoing involvement may have influenced the SEC's decision. The SEC has targeted CEO Brad Garlinghouse and Executive Chairman Chris Larsen in the lawsuit, but dropped charges against them after a court ruled that XRP is not a security. However, the SEC recently filed an appeal in the case, aiming to increase potential penalties and pressure Ripple's executives.
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