Judge Approves Investment Banker Declarant In Ripple Vs SEC

In the latest development in the U.S. Securities and Exchange Commission (SEC) v. Ripple Labs, Judge Torres approves a notice of appearance for an investment banker declarant. Ripple had earlier opposed an appearance for an investment banker declarant from the same law firm that sided with the US SEC in their declaration, raising concerns for defendants.

Investment Banker Declarant To Appear in XRP Lawsuit

Judge Analisa Torres approves Andrew A. Kunsak of the law firm Sidley Austin LLP to appear as investment banker declarant in the US SEC v. Ripple Labs lawsuit, according to a court filing.

“Andrew A. Kunsak of Sidley Austin LLP, 787 Seventh Avenue, New York, New York 10019, a member of this Court in good standing, hereby respectfully enters an appearance for Investment Banker Declarant in the above-captioned action.”

The court aims to avoid disclosure of any confidential information in response to an earlier order sealed by the court. It refers to orders denying SEC’s motion to seal Hinman Speech Documents and denying Ripple’s motion to seal revenues with XRP sales and programmatic and institutional sales of XRP. The investment banker declarant wants to protect their stakeholders amid uncertainty as SEC looks to appeal Judge Torres’ summary judgment ruling.

Also Read: Shiba Inu DAO Gets New Tech Advisor, Alpha Transform Holdings

US SEC Files Motion For Interlocutory Appeal

SEC filed a motion for an interlocutory appeal against Judge Analisa Torres’s ruling that programmatic sales of XRP are not securities under the Howey Test. The securities regulator also looks for a stay on further proceedings until SEC’s concerns are cleared by the court.

Meanwhile, Ripple chief legal officer Stuart Alderoty said the agency is only seeking the court’s permission to file an appeal and not seeking to appeal against the decision of XRP a security.

XRP price fell 3% in the last 24 hours, with the price currently trading at $0.60. However, the sentiment for upside momentum remains high in the crypto community.

Also Read: Volatility Shares Ether Futures ETF Target October 12 Launch, Will ETF Price Rally?

Recommended
Price Analysis

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.