XRP saw a 7% surge in price after the SEC dropped its claims against Ripple Labs executives Brad Garlinghouse and Chris Larsen. The SEC had charged the two executives with violating US securities law for almost three years. However, the SEC submitted a letter to Judge Analisa Torres to dismiss the claim, stating that they did not have enough evidence to prove their case. XRP's price increase may also be due to positive developments in the cryptocurrency market as a whole, with other cryptocurrencies such as Solana also seeing price increases.
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SEC Drops Charges Against Ripple Labs Executives, XRP Surges by 7%
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