Ripple Vs. SEC: Investment Banker Still Unknown
A mysterious non-party, known as the “Investment Banker Declarant,” has re-entered the legal case between Ripple Labs and the SEC. The anonymous banker had previously submitted a declaration in support of the SEC’s motion for summary judgment. Ripple Labs objected to the anonymous filing and demanded the declarant’s identity be revealed. However, the unnamed banker argued that revealing their identity could lead to harassment. This has sparked speculation within the XRP community about the true identity of the declarant, with some suggesting it might be Mike Novogratz of Galaxy Digital or Tetragon.
Key Points:
– A mysterious non-party, referred to as the “Investment Banker Declarant,” has re-entered the legal case between Ripple Labs and the SEC.
– Ripple Labs objected to the anonymous filing and demanded the declarant’s identity be revealed.
– The unnamed banker argued that revealing their identity could lead to harassment.
– Speculation within the XRP community suggests the declarant could be Mike Novogratz of Galaxy Digital or Tetragon.
– The SEC has recently filed a motion for an interlocutory appeal against Judge Torres’s verdict.
Hot Take:
The re-entry of the anonymous Investment Banker Declarant has added more mystery to the ongoing legal battle between Ripple Labs and the SEC. Speculation about the declarant’s true identity continues to circulate, with some pointing to figures like Mike Novogratz. The outcome of this case will have significant implications for the cryptocurrency industry, particularly for the classification of XRP as a security.
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