Attorney Shuffle in Ripple Lawsuit: Reactions from Crypto Community and Expert Analysis
Summary:
Attorneys shake up the lawsuit between Ripple Labs, its executives, and the SEC, with withdrawals and appointments taking place. The crypto community reacts on social media, while some legal experts downplay the significance of the changes.
Ripple Labs, its executives, and the U.S. Securities and Exchange Commission (SEC) are seeing a slew of attorney changes in their ongoing lawsuit, according to recent court filings on Aug. 23. Attorneys Richard Best and Robert MacDonald Moye have requested to withdraw from the trial, with Best's motion granted immediately due to extended medical leave. Judge Analisa Torres has yet to make a decision on Moye's withdrawal. Additionally, attorney Pascale Guerrier filed a motion to be dismissed from the case, which was promptly granted by the judge. Later that day, Judge Torres approved attorney Michael A. Schulman to represent Ripple CEO Brad Garlinghouse, along with attorneys Marc J. Jones and Peter Bryan Moores to represent the SEC. The crypto community has taken to social media to express their opinions on these changes, with some suggesting that the departing attorneys want to distance themselves from the wrong side of history. However, prominent crypto lawyer John E. Deaton believes that these changes have little significance in the larger context of the case, stating that it could simply be a reassignment or departure of Guerrier from the SEC.
Published At
8/24/2023 10:44:06 AM
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