The Ongoing Ripple vs. SEC Case: Judge Approves Notice of Appearance
The ongoing Ripple Labs vs. US Securities and Exchange Commission case has been a hot topic in the crypto industry. Recently, Judge Analisa Torres approved a notice of appearance for an investment banker declarant, raising several questions.
Key Points:
- Judge Analisa Torres approved a notice of appearance for Andrew A. Kunsak from the law firm Sidley Austin LLP.
- The investment banker declarant aims to protect stakeholders and prevent the disclosure of potentially confidential information.
- This move comes as the SEC plans to appeal the court’s summary judgment ruling.
- Ripple had previously opposed the appearance of an investment banker declarant.
- Ripple’s response to the SEC’s interlocutory brief is expected this week.
More Action Coming This Week
XRP’s price has been facing challenges as the market awaits Ripple’s response to the SEC’s interlocutory brief. Ripple’s head lawyer, Stuart Alderoty, has confirmed that they will respond this week. The SEC is seeking permission to file an interlocutory appeal and Ripple will file its response next week.
Hot Take:
The approval of the notice of appearance for an investment banker declarant adds another layer of complexity to the Ripple vs. SEC case. It highlights the importance of protecting stakeholders and preserving confidentiality. Ripple’s response to the SEC’s appeal will be crucial in determining the future of XRP and its regulatory status.
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