Will New Attorney Change The SEC Game Plan?
– Ripple has appointed two attorneys, Caleb J. Robertson and Michael A. Schulman, to represent CEO Brad Garlinghouse in the lawsuit against the SEC.
– Robertson is an experienced cryptocurrency advocate and has dealt with government investigations in the cryptocurrency space.
– His legal practice includes representing financial institutions and public companies on regulatory matters.
– Ripple believes Robertson is the right candidate to argue against the SEC’s changing stance on “Securities.”
– The case is in favor of Ripple as XRP is no longer classified as a security.
Will Ripple Lead the Case with the Summary Judgment?
– Ripple CEO Brad Garlinghouse has criticized the SEC for misleading and changing their stance in the case.
– Garlinghouse and co-founder Christian Larsen are accused of manipulating customer funds by selling unregistered XRP tokens.
– The SEC’s accusation raises questions about how they can challenge the sale of “unregistered securities” without knowing what securities they are dealing with.
– Judge Analisa Torres’ recent ruling stated that there was no proof of selling unregistered securities, which was seen as a significant win for the cryptocurrency market.
– This ruling may have an impact on similar cases.
Hot Take
Ripple’s appointment of experienced attorneys demonstrates their determination to fight against the SEC’s allegations. With an attorney well-versed in cryptocurrency and regulatory matters, Ripple aims to challenge the SEC’s changing stance on securities. Judge Torres’ ruling in favor of Ripple also boosts their position in the case. It remains to be seen how this lawsuit will unfold and if it will have broader implications for the cryptocurrency market.
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