XRP Ripple (XRP) Lawsuit: The legal tussle betwixt Ripple Labs and United States Securities and Exchange Commission (SEC) is moving next to receiving a summary Judgment. In the latest development, which seems like a big blow for the defendants, one of their attorneys has filed to withdraw from the case.
Will This Move Affect Ripple?
As per court filings, Attorney Kylie Chiseul Kim has filed the letter to withdraw as counsel for Ripple Labs. It indicated that Kellogg, Hansen, Todd, Figel & Frederick, P.L.L.C., and Debevoise & Plimpton LLP will continue to be counsel for the defendants. Nonetheless, the court has granted the motion.
This move comes in when the cryptocurrency industry is eagerly waiting for the public release of the infamous Hinman speech linked documents. Nonetheless, both parties submitted a joint letter seeking one week extension until June 13 to file public versions of the critical documents. This likewise includes unredacted cross motions for summary judgment.
The joint letter stated this is the 1st request to extend the deadline in the matter of Hinman speech linked memos.
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