Complaint: Ripple Labs, Inc. (“Ripple”), Bradley Garlinghouse (“Garlinghouse”), and Christian A. Larsen

PRAYER FOR RELIEF 
WHEREFORE, the Commission respectfully requests that the Court enter a Final 
Judgment:
 
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I. 
Permanently enjoining Defendants, and each of their respective agents, servants, employees, 
attorneys and other persons in active concert or participation with any of them, from violating, 
directly or indirectly, Sections 5(a) and 5(c) of the Securities Act [15 U.S.C. § 77e(a), 77e(c)], 
including by delivering XRP to any persons or taking any other steps to effect any unregistered offer 
or sale of XRP; 
II. 
Ordering Defendants to disgorge all ill-gotten gains obtained within the statute of 
limitations, with prejudgment interest thereon, pursuant to Section 21(d)(5) of the Exchange Act 
[15 U.S.C. § 78u(d)(5)]; 
III. 
Prohibiting Defendants from participating in any offering of digital asset securities pursuant 
to Section 21(d)(5) of the Exchange Act [15 U.S.C. § 78u(d)(5)];
IV. 
Ordering Defendants to pay civil money penalties pursuant to Section 20(d) of the Securities 
Act [15 U.S.C. § 77t(d)]; and 
V. 
Granting any other and further relief this Court may deem just and proper for the benefit of 
investors. 
 
 
 
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JURY DEMAND 
The Commission demands a trial by jury. 
Dated: New York, New York 
December 22, 2020 
________________________________ 
Richard R. Best 
Preethi Krishnamurthy 
Jorge G. Tenreiro 
Dugan Bliss 
Attorneys for Plaintiff 
SECURITIES AND EXCHANGE 
COMMISSION 
New York Regional Office 
Brookfield Place 
200 Vesey Street, Suite 400 
New York, New York 10281-1022 
[phone] (Tenreiro)
Email: [e-mail]
Of Counsel 
Kristina Littman 
John O. Enright 
Daphna A. Waxman 
Jon Daniels 
Case 1:20-cv-10832 Document 4 Filed 12/22/20 Page 71 of 71