NewsletterBreaking: Ripple Executives Notify Court About Their Unavailability During Bitcoin Halving
Ripple CEO Brad Garlinghouse and executive chairman Chris Larsen have notified the court about their unavailability for two weeks in April. The move comes in response to the court order for the final pretrial conference schedule and final order. Interestingly, Ripple executives have announced dates that coincide with Bitcoin halving.
Ripple Executives Announce Unavailability In SEC Lawsuit
Counsels for defendants Brad Garlinghouse and Chris Larsen have informed Judge Analisa Torres about dates Ripple executives will be unavailable for pretrial. According to a court filing, Ripple executives are unavailable for trial from April 1 to April 14, 2024.
While the reason for their unavailability for two weeks is not mentioned, the timeline coincides with Bitcoin halving. The Bitcoin Halving Countdown shows April 14 as the estimated date for the reward drop to 3.125 BTC. However, the filing came in response to earlier pretrial scheduling order by Judge Analisa Torres. The court seeks to schedule a final pretrial conference date after setting a date certain for trial.
Crypto prices typically rally ahead of Bitcoin halving. Brad Garlinghouse and Chris Larsen are likely expecting a massive upside move in XRP price near Bitcoin halving.
XRP price currently trades at $0.51, up just 0.5% in the last 24 hours and down 13% in a week. The trading volume has decreased by 11% in the past 24 hours. Prices plummeted after Judge Torres approved the interlocutory appeal motion by the US SEC.
Meanwhile, attorneys Caleb J. Robertson and Michael A. Schulman have filed to appear on behalf of Ripple CEO in the Ripple vs SEC lawsuit.
Also Read: Shiba Inu Whale Moves 4.6 Trillion SHIB Tokens As Shibarium Restarts
Counsel For Investment Banker Declarant Withdraws
In another filing with the court, Alyssa M. Hasbrouck, managing associate at the law firm Sidley Austin LLP, filed a motion to withdraw as counsel for Investment Banker Declarant. In a declaration, Hasbrouck clears that she is leaving her employment at Sidley Austin.
Recently, the court approved Andrew A. Kunsak of the law firm Sidley Austin LLP to appear as an investment banker declarant in the US SEC v. Ripple Labs lawsuit.
Also Read: Bitcoin (BTC) Can Form A God Candle If Binance Shuts Withdrawals
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal 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.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Crypto Market Crash: Here’s Why Bitcoin, ETH, SOL, ZEC, & Other Altcoins Are Falling
- Kalshi Taps Coinbase to Manage USDC Deposits on Its Prediction Market Platform
- VanEck Solana ETF Set for Launch as Firm Submits Final 8-A Filing
- Canary XRP ETF (XRPC) Tops Solana ETF on Debut with $245M in Inflows
- Expert Raoul Pal Reveals Crypto Market Outlook as Government Shutdown Ends
- Is Shiba Inu Price Set for Recovery Amid Partnership with Unity Nodes to Expand SHIB Utility?
- Top 3 Reasons Pi Network Price May Surge Despite the Incoming Token Unlock
- Solana Price Gears Up to $180 as DApp Revenue and DEX Volume Surge
- Cardano Price Rare Pattern Points to a 55% Crash as Key DeFi Metric Plunges
- Is Dogecoin Price Set for a Rally After 4.72 B $DOGE Whale Accumulation?
- XRP Price Shows Early Signs of Recovery Ahead of the First U.S. XRP ETF Debut—Rally Ahead?
