SEC v. Ripple: Attorneys leave SEC side, both groups add new lawyers

Regulation

Multiple attorneys have moved in and out of the lawsuit between Ripple Labs, its executives and the United States Securities and Exchange Commission, as signified by court filings on Aug. 23.

The latest motions filed were requesting permission to withdraw attorneys Richard Best and Robert MacDonald Moye from the trial, with the former having the motion immediately granted due to extended medical leave. Moye’s withdrawal is still pending a decision from Judge Analisa Torres. 

Earlier the same day, a motion was filed for attorney Pascale Guerrier to be dismissed from the case. This request was also promptly granted by the judge.

Court filing for the withdrawal of SEC attorney Pascale Guerrier. Source: Official court documents

In a game of legal musical chairs, also on Aug. 23, Judge Torres approved attorney Michael A. Schulman for Brad Garlinghouse, CEO of Ripple, along with attorneys Marc J. Jones and Peter Bryan Moores to represent the SEC. 

In response to the changes, the crypto community has taken its opinions to social media.

Some users remarked that the attorneys leaving the side of the SEC “don’t want their name tied to the wrong side of history.” Another commented on the timing, saying:

However, some don’t find the situation as pressing. Prominent crypto lawyer John E. Deaton responded that these changes “mean nothing” in the grand scheme of the case. 

Articles You May Like

Ethereum: Analyst Says $7,000 Target ‘Is Looming’ As Price Retests Crucial Level
Ethereum Will Drop Before The Next Leg Up – Analyst Sets Target
Ethereum Gets Massive $12,000 Price Tag From Research Lead Ahead Of Major Upgrade
Ethereum Faces Aggressive Shorting As Taker Sellers Outpace Buyers By $350M Daily – Analyst
Ethereum Downswing To $2,900 Could Be A ‘Buy-The-Dip Opportunity’ – Analyst Expects Bullish Surge