Ripple’s Chris Larsen Takes Strategic Legal Step as Form C Deadline Approaches: What Could This Mean for XRP?
The post Ripple’s Chris Larsen Takes Strategic Legal Step as Form C Deadline Approaches: What Could This Mean for XRP? appeared on BitcoinEthereumNews.com.
The Ripple vs. SEC legal battle intensifies as Ripple co-founder Chris Larsen takes decisive action. Larsen’s recent filing serves as a strategic measure to safeguard Ripple’s position regarding XRP’s classification. “This ruling is the law of the land,” asserts Ripple’s Chief Legal Officer, reinforcing confidence in their legal strategy. This article dissects the implications of Chris Larsen’s latest legal maneuvers in the Ripple and SEC case, shedding light on the potential outcomes for the cryptocurrency landscape. Ripple Expands Legal Front in SEC Battle As the critical proceedings in the SEC lawsuit against Ripple escalate, Chris Larsen has made a timely intervention. On October 22, just ahead of the impending Form C deadline, Larsen filed a Notice of Appearance. This legal step aims to preempt any procedural default and reinforces Ripple’s strategy to protect its favorable ruling concerning XRP’s classification as a non-security. This indicates Ripple’s robust approach to navigating complex regulatory environments while asserting its legal standing. Insights from Ripple’s Legal Team Ripple’s legal representatives, under the leadership of Chief Legal Officer Stuart Alderoty, express strong confidence in overturning the SEC’s ongoing enforcement moves. Alderoty recently stated, “The legal landscape surrounding XRP is clear,” referring to Judge Analisa Torres’s earlier ruling that XRP does not meet the criteria for security classification. Should the SEC prevail in its appeal, Alderoty argues that the possible outcome would likely involve a remand rather than a comprehensive victory. That the SEC would have to challenge Judge Torres’s judgment on intelligent grounds highlights the uphill battle they face. The Importance of Form C Filing The approaching Form C filing deadline on October 24 at 11:59:59 PM EST represents a crucial pivot for Ripple’s ongoing legal mission. Form C is essential as it permits Ripple to articulate its stance through further oral arguments. A failure to…
Filed under: News - @ October 23, 2024 7:18 am