Ripple Executives Take a Stance
In the ongoing legal battle between Ripple and the SEC, Ripple’s top executives, Chris Larsen and Brad Garlinghouse, have firmly opposed the SEC’s move to halt trial proceedings. They argue that the SEC’s pursuit of an interlocutory appeal is not justified and have provided three grounds for their stance.
Will the Proceedings Be Halted?
Larsen and Garlinghouse disagreed with the SEC’s request to pause the trial and urged the court to proceed as scheduled. The trial is set for Q2 2024, and the SEC sought permission to file an interlocutory appeal. The executives have identified four key factors that the court should consider before granting a stay.
Key Factors in Play
The executives argue that the court should assess the likelihood of the SEC’s success in the appeal, consider the potential harm to the SEC without a stay, ponder the impact of a stay on all parties involved, and factor in the public interest. They believe that the SEC’s appeal is unlikely to succeed and that moving forward with the trial aligns with the public interest.
Hot Take
Ripple’s executives are taking a strong stance against the SEC’s attempt to halt trial proceedings. They believe that the SEC’s appeal is baseless and that moving forward with the trial is in the best interest of all parties involved. It remains to be seen how the court will respond to their arguments.
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