Ripple Executives Announce Unavailability In SEC Lawsuit
– Ripple CEO Brad Garlinghouse and executive chairman Chris Larsen inform the court about their unavailability for two weeks in April.
– The dates announced by Ripple executives coincide with Bitcoin halving.
– The reason for their unavailability is not mentioned, but they may be expecting a massive upside move in XRP price near Bitcoin halving.
– XRP price currently trades at $0.51, up just 0.5% in the last 24 hours and down 13% in a week.
– Attorneys Caleb J. Robertson and Michael A. Schulman have filed to appear on behalf of Ripple CEO in the Ripple vs SEC lawsuit.
Counsel For Investment Banker Declarant Withdraws
– Alyssa M. Hasbrouck, managing associate at the law firm Sidley Austin LLP, filed a motion to withdraw as counsel for Investment Banker Declarant.
– Hasbrouck is leaving her employment at Sidley Austin.
– Andrew A. Kunsak of the law firm Sidley Austin LLP has been approved by the court to appear as an investment banker declarant in the US SEC v. Ripple Labs lawsuit.
Hot Take
Ripple executives’ unavailability and their coinciding with Bitcoin halving could suggest that they anticipate a significant increase in XRP price. However, the current price of XRP remains relatively stagnant. The withdrawal of counsel for the investment banker declarant adds another layer of complexity to the Ripple vs SEC lawsuit. It will be interesting to see how these developments unfold in the coming weeks.
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