Ripple's Chief Legal Officer: The dismissal of charges against executives by the US SEC is not a settlement, but a "surrender".

On October 20th, Stuart Alderoty, Chief Legal Officer of Ripple, posted on social media that "the US Securities and Exchange Commission made a serious mistake in charging Brad and Chris individually. Now they have surrendered, dismissing all charges against our executives. This is not a settlement. This is the SEC surrendering." Earlier today, BlockBeats reported that the US SEC had dropped all charges against Ripple CEO Brad Garlinghouse and Executive Chairman Chris Larsen.