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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.
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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.
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