Claim BonusXRP Lawsuit: Ripple Gets Former SDNY Attorney To Tackle US SEC Appeal, 30% Rally Next?
XRP Lawsuit: Excitement brews in the XRP community as Ripple gets a former SDNY attorney in their legal battle against the US Securities and Exchange Commission (SEC). Amid the recent exit of attorneys for Ripple Labs and executives Brad Garlinghouse and Chris Larsen, an expert attorney adds significant firepower to their defense team.
XRP Community Abuzz to Ripple New Attorney In SEC Lawsuit
Douglas Samuel Zolkind, partner at Debevoise & Plimpton law firm, has filed a notice of appearance on behalf of Ripple Labs, according to a filing in the District Court for the Southern District of New York (SDNY).
Zolkind is an expert on white collar criminal defense, government investigations, and internal investigations. He was a senior member of the Criminal Division’s Public Corruption Unit of the SDNY.
While US SEC looks to file an appeal against Judge Torres’ summary judgment ruling, Zolkind’s expertise strengthens Ripple’s position in the ongoing legal battle.
Currently, Magistrate Judge Sarah Netburn ordered Ripple and SEC to agree on dates for a possible settlement in other matters such as XRP sale to institutional investors. However, SEC hints at an appeal while XRP lawyers contradict SEC’s arguments and possible appeal.
This Attorney is simply replacing Lisa Zornberg, who just left the same firm to become Chief Counsel for the Mayor of NYC. https://t.co/owqf6SshIe
— John E Deaton (@JohnEDeaton1) July 31, 2023
Also Read: XRP Lawyers, Coinbase CLO Share Significance Of Judge Torres’ Ripple Ruling
XRP Price to Rally 30%
An analysis by CoinGape Markets predicts at least a 30% upswing in XRP price due to the formation of a pennant pattern. However, if the market continues to show weakness, the price can fall into a correction phase. The support levels for XRP are $0.63 and $0.56.
XRP price fell 2% in the past 24 hours, with the price currently trading at $0.68. The 24-hour low and high are $0.68 and $0.71, respectively. However, the trading volume has increased by 20% in 24hrs, indicating an interest among traders.
Also Read: Terra Luna Classic Community Set To Burn 800 Million Tokens, LUNC And USTC To $1?
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.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Brian Armstrong Offloads $101M in Coinbase Stock Amid COIN’s Steep Decline
- Strategy CEO Phong Le Unveils Plan to Address MSTR Stock Volatility, Boost BTC Buys
- Cardano Founder Sets March Launch for Midnight as Expert Predicts BTC Shift to Privacy Coins
- U.S. Government Shutdown Odds Hit 84%, Will Bitcoin Crash Again?
- Wall Street Giant Citi Shifts Fed Rate Cut Forecast To April After Strong U.S. Jobs Report
- Ethereum Price at Risk of a 30% Crash as Futures Open Interest Dive During the Crypto Winter
- Ethereum Price Prediction Ahead of Roadmap Upgrades and Hegota Launch
- BTC Price Prediction Ahead of US Jobs Report, CPI Data and U.S. Government Shutdown
- Ripple Price Prediction As Goldman Sachs Discloses Crypto Exposure Including XRP
- Bitcoin Price Analysis Ahead of US NFP Data, Inflation Report, White House Crypto Summit
- Ethereum Price Outlook As Vitalik Dumps ETH While Wall Street Accumulates
