Judge Approves Appearance of Investment Banker Declarant in Ripple vs SEC Case
Judge Analisa Torres has granted permission for investment banker Andrew A. Kunsak to appear as a declarant in the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). Kunsak, from law firm Sidley Austin LLP, will ensure the confidentiality of certain information related to the case.
Key Points:
- Andrew A. Kunsak, an investment banker declarant, has been approved to appear in the Ripple vs SEC case.
- Kunsak’s role is to safeguard confidential information related to the case.
- The SEC has filed a motion for an interlocutory appeal against Judge Torres’s ruling, which stated that programmatic sales of XRP are not securities.
- Ripple’s chief legal officer, Stuart Alderoty, clarified that the SEC is seeking permission to file an appeal, not actively appealing the decision.
- News of the development caused a slight dip in XRP price, but crypto enthusiasts remain optimistic about the outcome.
Hot Take:
The approval of an investment banker declarant in the Ripple vs SEC case shows the significance of safeguarding confidential information in legal battles. The SEC’s motion for an interlocutory appeal indicates their determination to challenge Judge Torres’s ruling. While the news had a minor impact on XRP price, the crypto community continues to closely follow the unfolding legal drama.
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