XRP Lawsuit: Court Grants Ripple Lawyer’s Motion To Withdraw, What Next?

Anvesh Reddy
Expertise : Crypto, finance, Crypto Market, Blockchain, Investing
Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1400 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at [email protected] or x.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/
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Ripple XRP Case Update: Lawyer Dismisses SEC Meeting And Settlement Link
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Crypto Market News: The Southern District Court of New York on Thursday granted Attorney Kylie Chiseul Kim’s motion to withdraw as counsel for Ripple Labs. Earlier, CoinGape reported that Ripple could be at loss with the dropping out of the attorney from the case. In a latest, defense lawyer James Filan informed that Kim’s motion has been granted. Meanwhile, the wait for Summary Judgement in the SEC lawsuit continues whereas the Hinman speech documents are set for release by June 13, 2023.

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No significant reason has been cited for the attorney’s withdrawal. The motion for withdrawal said no delay or prejudice to any party will result from the withdrawal.

Motion To Withdraw Granted For Ripple Lawyer

On May 24, 2023, attorney Kylie Chiseul Kim moved the Southern District Court of New York to withdraw as counsel to Ripple Labs. Responding to the motion, the court had on Thursday granted the withdrawal request. This means Kellogg, Hansen, Todd, Figel & Frederick, P.L.L.C., and Debevoise & Plimpton LLP will keep acting as counsel for Ripple in the lawsuit against the U.S. Securities and Exchange Commission (SEC).

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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.
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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.

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About Author
About Author
Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1400 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at [email protected] or x.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/