Ripple Enlists Legal Support to Battle SEC Lawsuit
Ripple is determined to come out on top in its legal dispute with the US Securities and Exchange Commission (SEC). To aid in this mission, the company has hired Rahul Mukhi, a renowned lawyer with extensive experience. Mukhi, who previously served as an Assistant United States Attorney and worked at the law firm Cleary Gottlieb Steen & Hamilton LLP, has handled significant cases involving financial fraud, cybercrime, and more.
A Recap of the Ripple v. SEC Battle
The legal battle between Ripple and the SEC began when the commission filed a lawsuit in December 2020, accusing Ripple of trading billions of dollars worth of XRP as an unregistered security. The fight has seen several developments, with Ripple securing a partial win in July when a US court ruled that most of its XRP sales were not considered investment contracts. However, the SEC has appealed this decision, indicating that the battle is far from over.
Hot Take: Ripple’s Determination to Overcome
Ripple’s hiring of Rahul Mukhi demonstrates its determination to secure victory in its legal battle against the SEC. With Mukhi’s expertise and experience, Ripple is bolstering its defense against the allegations of trading XRP as an unregistered security. While the fight is ongoing and the outcome remains uncertain, Ripple’s recent win in July indicates that it may have an advantage. Only time will tell how this high-stakes battle unfolds and whether Ripple will emerge victorious.
By
By
By
By
By