Community Reacts to SEC Dropping XRP Case and LBRY Shutdown

Ripple’s recent victory in its legal dispute with U.S. securities regulators has been overshadowed by the announcement that the blockchain platform LBRY has ceased operations, prompting a strong reaction from the community.

On October 19, the U.S. Securities and Exchange Commission (SEC) revealed its plan to dismiss all charges against CEO Brad Garlinghouse and executive chair Chris Larsen. This development represents a major legal triumph for Ripple in the civil case initiated by the SEC in late 2020.