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CNBC Television - XRP rises after SEC drops claims against Ripple Labs executives: CNBC Crypto World

Thumbnail of the video “CNBC Television - XRP rises after SEC drops claims against Ripple Labs executives: CNBC Crypto World”
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Author: CNBC Television
Categories: Crypto Business
Tags: crypto, business
Views: 1 · Last viewed: 2026-10-13 23:17 UTC

Short Summary

Main recommendation: Treat the SEC's dismissal of its remaining claims against Ripple, Brad Garlinghouse, and Chris Larsen as a major win that gives Ripple clarity on XRP, while Ripple's executives argue the US still needs a clear crypto regulatory framework. The video also covers Bitcoin's weekly gain, Chainalysis's view that crypto's role in terrorist financing is overstated, and Ripple's move to build its operations outside the US.

Key Points

  • The SEC asked a judge to dismiss its claims that Garlinghouse and Larsen aided and abetted sales of XRP, after accusing Ripple in December 2020 of raising more than a billion dollars through XRP sales.
  • A July judge ruling found that XRP sold on public crypto exchanges was not a security, but sales of XRP to hedge funds and other institutional buyers did violate the law.
  • Ripple's Chief Legal Officer Stu Alderoty called the dismissal a "capitulation" by the SEC and said the SEC has been pursuing regulation by enforcement.
  • Chainalysis says funds flowing through service providers tied to terrorist financing may look larger than they are, because most of those funds may be unrelated and get mixed with other users' funds.
  • Ripple says more than 50% of its recent hiring and investment has been outside the US, and it operates in Singapore, the UK, the EU, Dubai, Brazil, and through a joint venture in Japan and Australia.

Details Worth Noting

  • Concrete instructions: The video gives no step-by-step instructions for users or investors. The only actionable advice is Chainalysis's recommendation that service providers make KYC (know your customer) and AML (anti-money laundering) of the utmost importance to address the mixing of funds.
  • Market context: Bitcoin briefly topped $30,000 and finished the week up 10%, ending above $29,000. Ether gained 4% for the week and climbed above $1,600, and XRP hit 52 cents after the dismissal news.
  • Rates: The 10-year Treasury yield touched 5% for the first time since 2007, and the host notes high rates may hold Bitcoin back from new highs unless the Fed eases policy.
  • Ripple's licensing: Alderoty said applications are pending with the Central Bank of Ireland for a virtual asset service provider license and an e-money license, and Ripple received a major payment institution license from the Monetary Authority of Singapore. He expects Dubai clearance before year-end and has a Central Bank of Brazil agreement.
  • Caveat: Alderoty said the dismissal "doesn't provide any more clarity" on US regulation overall, though it gives Ripple clarity on its own use of XRP.

Bottom Line

The SEC's exit from its case gives Ripple and XRP a clear legal win, but Ripple's leadership says the US still lacks the regulatory certainty that is pushing its growth offshore.