The post Ripple’s Chris Larsen Gets Major Notice in SEC Lawsuit appeared on BitcoinEthereumNews.com.

In the latest development of the U.S. Securities and Exchange Commission (SEC) lawsuit against Ripple Labs, a critical notice has been issued to Chris Larsen, co-founder of the firm. The United States Court of Appeals for the Second Circuit highlighted that Larsen’s legal team has failed to submit an Acknowledgment and Notice of Appearance on time. However, this ignited a debate around the recent XRP appeal deadline, which the SEC apparently missed but denied to. Court Notice for Ripple’s Chris Larsen The court’s notice warned that if the required documents aren’t filed within 14 days, Larsen’s legal counsel may not be permitted to present oral arguments without the court’s permission. This notice, labeled as “default,” comes in the context of an appeal over Ripple Labs’ legal battle with the SEC. The SEC is seeking to challenge the recent summary judgment that ruled on several key aspects of Ripple’s business, including XRP sales on exchanges and its distribution to employees. While the SEC has not appealed the court’s decision on disgorgement, the focus of this particular court notice is on Chris Larsen’s legal response. NOTE: This has nothing to do with the SEC, or any supposedly late filing (which wasn’t late). This is directed at Larsen, who has not yet filed his appearance in this case. — Marc Fagel (@Marc_Fagel) October 22, 2024 Former SEC attorney Marc Fagel weighed in on the matter, clarifying that this delay doesn’t involve the SEC itself but is specifically directed at Larsen’s legal team. “This has NOTHING to do with the SEC. It’s directed at defendant/appellee Larsen, whose counsel has not made a timely appearance in the matter,” Fagel explained in a post on X, formerly known as Twitter. Deadline Confusion Confusion surrounding the SEC’s involvement arose earlier when discrepancies were noted between the filing…

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Filed under: News - @ October 22, 2024 8:22 pm