Ripple Lawsuit Takes a Twist as Another Lawyer Withdraws, XRP Community Awaits Verdict
The post Ripple Lawsuit Takes a Twist as Another Lawyer Withdraws, XRP Community Awaits Verdict appeared first on Coinpedia Fintech News
A new development in the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has left XRP token holders uncertain about the outcome. The recent withdrawal of attorney Kylie Chiseul Kim, who had been representing Ripple Labs, has sparked speculation among Ripple supporters.
However, Ripple has clarified that this withdrawal does not have a significant impact on the overall lawsuit. Another attorney involved in the Ripple lawsuit has also withdrawn, but their identity and reasons for leaving remain undisclosed.
John Deaton, the lawyer representing thousands of XRP token holders, emphasized that the departure of these attorneys should not be seen as an indication of an impending settlement or any other major development in the case.
She will file it on the public docket. Ripple and the SEC and all of us will get it at the same time. It will be filed just like all the other rulings that have been filed (ie the Daubert ruling, he ruling to hand over the Hinman documents).
— John E Deaton (@JohnEDeaton1) June 26, 2023
He stated that a lawyer withdrawing from the SEC case “means nothing” in terms of the overall proceedings. Although Deaton expressed initial excitement upon receiving the news, he confirmed that it does not hold substantial implications for the ongoing legal battle.
Delay in Summary Judgement
Meanwhile, concerns have been raised regarding the delay in Judge Analisa Torres’ issuance of the highly anticipated Summary Judgment. Ripple and the SEC continue to clash in court, with each new development contributing to the complex narrative surrounding the case. XRP token holders anxiously await the verdict, hoping that Ripple’s chances of emerging victorious remain strong.
Just got an email of a filing in the @Ripple case and I must have admit, I got in my stomach. But it was just a lawyer withdrawing from the case. To be clear: a lawyer withdrawing means nothing. It’s not a signal that the case settled or anything of substance whatsoever.
— John E Deaton (@JohnEDeaton1) June 26, 2023
Addressing the possibility of a specific court date being set for the final judgment, Deaton clarified that the verdict will be revealed simultaneously to Ripple, the SEC, and all other interested parties through a filing in the public docket. As the wait for the Summary Judgment ruling continues, all eyes remain fixed on the courtroom for the next pivotal moment in this high-stakes legal dispute.
Filed under: Bitcoin - @ June 27, 2023 5:19 am