Ripple CEO strengthens legal defense ahead of SEC jury trial

By Noah Rypton Aug 23, 202355Views

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Key Points:

Ripple CEO Brad Garlinghouse is strengthening his legal defense against the SEC.
Two lawyers from Cleary Gottlieb Steen & Hamilton LLP have joined Garlinghouse’s legal team.
The legal dispute revolves around allegations from the SEC regarding the trading and issuance of XRP.
A jury trial between April 1 and June 30 is planned.
An earlier ruling determined that XRP did not qualify as a security, but Ripple still faces potential liabilities.

Hot Take:

The involvement of prominent lawyers in Brad Garlinghouse’s legal defense highlights the seriousness and complexity of the SEC’s case against Ripple. While an earlier ruling determined that XRP is not a security, Ripple still faces potential liabilities for other alleged violations. The outcome of the ongoing legal battle remains uncertain, and the addition of experienced legal counsel demonstrates Garlinghouse’s determination to fight back against the SEC’s claims.

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Noah Rypton

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