Ripple Vs. SEC: Pro-XRP Lawyer Weighs In On Possibility Of An Immediate Appeal
In an interesting turn of events, the United States Securities and Exchange Securities (SEC) voluntarily dropped its case against Ripple executives Brad Garlinghouse and Christian Larsen on Thursday, October 19. While this move implies that the trial scheduled for April 2024 will no longer hold, the financial regulator is still pursuing other parts of the […]
Related News
Following Judge Analisa Torres’s ruling that programmatic XRP sales did not qualify as securities, the SEC filed an interlocutory appeal with the court. This meant that the US Securities and Exchange Commission (SEC) did not agree with the ruling, and while the interlocutory appeal has been approved by the court, pro-XRP lawyer John Deaton has […]
The battle between the Securities and Exchange Commission (SEC) and Ripple Labs over the regulatory status of XRP took a dramatic turn last week. The latest powerplay? A Hail Mary interlocutory appeal from the authority. The agency tried appealing a past court decision allowing Ripple to use a “fair notice” defense. However, prominent lawyers vehemently […]
The former secret service agent, Shaun Bridges, is attempting to appeal his ruling on some dubious legal grounds. So dubious, in fact, that his own lawyer is asking to be removed from the case. Bridges’ Lawyer Wants Out. According to reports, Bridge’s lawyer has deemed his legal argument as largely worthless, saying that the appeal contains only legally frivolous claims. For those who don’t know, Shaun Bridges is the corrupted agent who participated in the Silk Road investigation. Last year, Bridges was sentenced to 71 months in prison after pleading guilty to stealing money from Silk Road....
The Securities and Exchange Commission (SEC) may opt not to appeal the summary judgment ruling from Judge Analisa Torres partially favoring Ripple Labs, signaling a strategic shift to avoid establishing a potentially unfavorable precedent in higher courts. This possibility has come to light as the crypto community awaits the court’s remedies phase ruling expected by […]
On October 3, Judge Analisa Torres denied the US Securities and Commission’s (SEC) motion for an interlocutory appeal in its ongoing legal battle against Ripple. As part of her order, she raised the possibility of a settlement between both parties before the case goes to trial on April 23, 2024. Ripple And SEC Could Settle […]