MEXCRipple Hires 2 New Lawyers; How This Will Effect SEC Lawsuit?
Amid the ongoing legal tussle between Ripple and U.S. Securities and Exchange Commission (SEC), the blockchain firm has hired two new Lawyers on its team.
Ripple files motion for admission
Attorney James Filan in a tweet informed that two new advocates from the Kellogg Hansen have filed the motion in the court to represent Ripple.
Clayton Masterman and Kylie Kim will be representing the blockchain firm in the long running crucial lawsuit against the SEC. This is a huge move in order to strengthen its legal team. However, the new addition to the team signals that legal proceedings might get stretched out ahead.
Will this affect Summary Judgement?
Involved in the Ripple case, attorney Jeremy Hogan mentioned that this addition is just some extra research power before going into the summary judgment motions.
Earlier, it was reported that the lawsuit is set to get stretched into 2023 after the proposed schedule for summary judgment came out. Both the parties agreed to initiate the opening brief from August 2, 2022.
However, the final briefs will be due by December 20, 2022. Meanwhile, Ripple Lab’s general counsel has stated that the final decision over the case might come in 2023.
Attorney Hogan also highlighted that Judge Netburn might give her ruling on the Hinman emails this week. The motions to strike expert witnesses are also getting due next week Tuesday. He added that he looking forward to the defendant’s motion to strike the expert report of Mr. Doody.
Robert Cohen, ex Cyber Unit Chief of SEC said that this lawsuit will be the key to upcoming issues. However, if the commission losses the case against Ripple then it will file a motion for reconsideration. Meanwhile, Brad Garlinghouse in an interview stated that the blockchain firm would leave the U.S if they lose the case.
- Pi Network Dedicates 350,000 Active Nodes for AI With OpenMind Partnership
- Breaking: Trump Cuts Tariffs as US-China Reaches 1-Year Trade Deal, Bitcoin Rebounds
- Binance Responds to Charges of Supporting Trump-Family Crypto USD1 and WLFI Soon After CZ Pardon
- SpaceX Makes Third Huge Bitcoin Transfer in 10 Days, Is Elon Musk Planning Something Big?
- Crypto Market Tumbles as Jerome Powell Says December Rate Cut ‘Far From Certain’
- Ethereum Price Flips BTC in Strategy Shift, Eyes $4500 Level
- Expert Predicts XRP Price to Hit $10 as Elliot Wave, XRPR ETF Inflows Align
- HYPE Price Prediction as 21Shares Files S-1 for Hyperliquid ETF—Can Bulls Push HYPE to $60?
- Bitcoin Price Rally Bound? How the Fed’s Move May Unleash Crypto
- Can ASTER Price Rebound 50% as Whale Activity and Bullish Pattern Align?
- Pi Network Patterns Point to More Gains Despite Manipulation Claims
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.
