Ripple’s Top Attorney Departs Amid Legal Battle Against SEC
In a surprising turn of events, Lisa R. Zornberg, Ripple’s top attorney, has decided to step down from the ongoing legal battle against the US SEC. Zornberg will now serve as Chief Counsel for New York City Mayor Eric Adams. This unexpected move has created uncertainty regarding the future of the Ripple lawsuit.
Main Breakdowns:
- Zornberg’s withdrawal shocks the crypto community
- Other attorneys from Debevoise & Plimpton LLP will handle Ripple’s defense
- Impact of Zornberg’s departure on Ripple’s lawsuit
- Zornberg transitions to a new role shaping policies in New York City
- Ripple lawsuit’s effect on the value of XRP
Hot Take:
Zornberg’s departure from the Ripple lawsuit raises concerns about its future. However, XRP holder and lawyer John E. Deaton remains optimistic, believing that XRP will maintain its non-security classification for at least the next two years. The outcome of the SEC’s potential appeal and its impact on XRP remains uncertain.
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