Brad Garlinghouse Enlists Renowned Attorney in Legal Battle Against SEC
Ripple’s CEO, Brad Garlinghouse, has hired defense attorney Rahul Mukhi to represent him in the ongoing legal dispute with the US Securities and Exchange Commission (SEC). Mukhi, a partner at Cleary Gottlieb and a former Assistant US Attorney, has extensive experience in prosecuting cases related to corruption, cybercrime, money laundering, and financial fraud. Garlinghouse’s decision to hire Mukhi reflects his strategic approach to the case.
Why Did Garlinghouse Hire an Attorney Specifically for Himself?
It is common for co-defendants in a case to have separate legal representation. While the exact reason for Garlinghouse’s decision is unknown, having his own attorney allows him to protect his individual interests. This move also follows recent changes in Ripple’s legal team, with Lisa Zornberg stepping down and several attorneys from Debevoise and Plimpton LLP now representing the company.
Unlikely Scenario: Will the Case Go to Trial?
Despite the case moving forward, many experts believe that it is unlikely to go to trial. Pro-XRP legal expert Fred Rispoli suggests that the SEC filed the case as a tactic to pressure Ripple into a settlement. Going to trial could risk damaging the SEC’s credibility, especially if key figures like former SEC Chair Jay Clayton and former SEC Director William Hinman are called as witnesses. Hinman’s potential cross-examination has been described as potentially “epic” by pro-XRP lawyer John Deaton.
Hot Take: The Outcome of Ripple’s Legal Battle Hangs in the Balance
The involvement of attorney Rahul Mukhi in Brad Garlinghouse’s defense team signifies a strategic move by Ripple’s CEO in his fight against the SEC. While the exact reasons for hiring a separate attorney are unknown, it is clear that Garlinghouse is taking steps to protect his individual interests. The outcome of the legal battle remains uncertain, with speculation that the case may not go to trial due to potential risks to the SEC’s credibility. As the case continues, all eyes will be on how Ripple’s founders navigate this challenging legal landscape.
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