NewsletterXRP Lawsuit: US SEC’s Attorney Pascale Guerrier Withdraws
In yet another shuffle in legal teams on either side of the Ripple XRP lawsuit, the U.S. Securities and Exchange Commission (SEC) on Wednesday filed a motion for withdrawal of one of its attorneys in the Ripple lawsuit. This comes a new attorney, Caleb J. Robertson, appeared before the U.S. District Court for the Southern District of New York on behalf of Ripple CEO Brad Garlinghouse on August 22, 2023.
Also Read: Terra Luna Classic Validator To Fund USTC Repeg Team As Community Rejects Proposal
US SEC’s Attorney Withdraws From XRP Lawsuit
In a filing dated August 23, the federal regulatory agency said that attorney Guerrier is no longer a part of the lawsuit against Ripple Labs. However, other counsels recorded previously continue to represent the agency, it said in the filing.
“Ms. Guerrier is no longer participating in this matter. The SEC continues to be represented by the other counsel of record in this matter.”
In this context, it is unknown as of now as to whether the attorney had asked to withdraw over disagreements with the SEC’s position. The agency officials have been at the receiving end of criticism over the stringent enforcement actions it took against crypto businesses since the beginning of 2023. On the other side, the US lawmakers have been expressing concerns on the threat of dedollarization in the international markets.
XRP Price: What Next?
Following the historic Summary Judgment by Judge Analisa Torres on the sale of XRP token for retail buyers, Ripple has seen a new wave of adoption in the United States. The likes of crypto exchanges Coinbase and Kraken have relisted the token, in light of the July 2023 Judgment, due to which the XRP price took an instant jump. Will it take yet another regulatory development or progress in the lawsuit for the next wave of price rally for the token?
Also Read: DOGE Price Prediction: Can Elon Musk’s Tweet Pump Dogecoin 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.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Bitcoin ETFs Sees Second Largest Outflows in History as BTC Drops to $95k
- Crypto Market Crash: Here’s Why Bitcoin, ETH, SOL, ZEC, & Other Altcoins Are Falling
- Kalshi Taps Coinbase to Manage USDC Deposits on Its Prediction Market Platform
- VanEck Solana ETF Set for Launch as Firm Submits Final 8-A Filing
- Canary XRP ETF (XRPC) Tops Solana ETF on Debut with $245M in Inflows
- Is Shiba Inu Price Set for Recovery Amid Partnership with Unity Nodes to Expand SHIB Utility?
- Top 3 Reasons Pi Network Price May Surge Despite the Incoming Token Unlock
- Solana Price Gears Up to $180 as DApp Revenue and DEX Volume Surge
- Cardano Price Rare Pattern Points to a 55% Crash as Key DeFi Metric Plunges
- Is Dogecoin Price Set for a Rally After 4.72 B $DOGE Whale Accumulation?
- XRP Price Shows Early Signs of Recovery Ahead of the First U.S. XRP ETF Debut—Rally Ahead?
