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Breaking: Ripple Executives Notify Court About Their Unavailability During Bitcoin Halving

Ripple CEO Brad Garlinghouse and executive chairman Chris Larsen announces their unavailability near Bitcoin halving.
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Breaking: 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.

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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

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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.

Also Read: Bitcoin (BTC) Can Form A God Candle If Binance Shuts Withdrawals

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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.

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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.
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