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Community reacts to SEC dropping XRP case and LBRY shutdown By Cointelegraph

Last updated: 2023/10/20 at 12:31 PM

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Community reacts to SEC dropping XRP case and LBRY shutdown

Ripple’s latest win in its legal battle against United States securities regulators has been marred by news of the blockchain platform LBRY shutting down operations, which triggered the community to react.

The U.S. Securities and Exchange Commission (SEC) announced its intention to dismiss all claims against CEO Brad Garlinghouse and executive chair Chris Larsen on Oct. 19. The event marked a significant legal win for Ripple in the civil case filed by the SEC in late 2020.