New Attorney Appears for Ripple CEO in XRP Lawsuit
In a new development in the XRP lawsuit, Attorney Caleb J. Robertson has appeared on behalf of Ripple CEO Brad Garlinghouse. The move comes after the SEC’s motion for leave to file an interlocutory appeal in the ongoing case.
Key Points:
– Attorney Caleb J. Robertson of Cleary Gottlieb Steen & Hamilton LLP is representing Brad Garlinghouse in the lawsuit against the SEC.
– Robertson has requested the court to provide all papers and communications in the lawsuit.
– Another attorney, Michael A. Schulman, has filed a motion to appear on behalf of Garlinghouse in the SEC case.
– Robertson has experience working in the enforcement space for a cryptocurrency platform.
– Ripple CEO Brad Garlinghouse was named in the SEC’s complaint for raising capital through the sale of unregistered securities.
Ripple CEO’s Role in XRP Lawsuit
The US SEC has accused Ripple CEO Brad Garlinghouse of raising capital through the sale of unregistered securities. However, Judge Analisa Torres recently denied this allegation in a historic Summary Judgment. She stated that the programmatic sale of the token to retail buyers does not constitute a securities sale.
Key Points:
– The SEC’s complaint alleged that Ripple raised funds through the sale of XRP in an unregistered securities offering.
– Judge Analisa Torres’ ruling is seen as a significant win for the crypto market participants.
– This ruling could set a precedent in other crypto lawsuits.
Hot Take
The appearance of a new attorney on behalf of Ripple CEO Brad Garlinghouse suggests that the lawsuit is entering a new phase. With the recent Summary Judgment ruling in favor of Ripple, it will be interesting to see how the case progresses and if it will have broader implications for the crypto industry. The involvement of experienced attorneys like Caleb J. Robertson and Michael A. Schulman indicates the seriousness of the case and the high stakes involved.
By
By
By
By
By
By