Ripple Hires New Lawyer To Defend CEO Brad Garlinghouse In The Ongoing SEC Case

Ripple Hires New Lawyer To Defend CEO Brad Garlinghouse In The Ongoing SEC Case
фото показано с : zycrypto.com

2021-6-11 20:43

As part of the ongoing legal battle with the Securities and Exchange Commission, Ripple has onboarded a new attorney to help defend CEO Brad Garlinghouse.

Nicole Tatz Joins Ripple’s Legal Team

Nicole Tatz, an attorney from Cleary Gottlieb Steen & Hamilton LLP, has joined Ripple to represent the interests of Garlinghouse, according to Criminal Defense lawyer James. K. Filan. She specializes in litigation and enforcement at her firm with experience in financial reform.

Tatz’s move to Ripple comes as her new employer grapples with a lawsuit brought forward by the U.S. SEC. The lawsuit, filed in December 2020 against Ripple, alleges that the San Francisco-headquartered blockchain payments firm and its top executives collectively sold over $1.3 billion worth of unregistered securities in the form of the XRP token to the public.

The lawsuit is still in the discovery phase, with Ripple recently filing a motion requesting data on XRP transactions made on 15 offshore exchanges to prove that a majority of the tokens were sold to non-US citizens. With the request, Ripple is hoping to prove that it did not breach any U.S. laws by offloading XRP. Whether the court will approve the motion is anyone’s guess, but it could be a big win for Ripple if it’s allowed to access the exchange information. 

Is The New Addition To Ripple’s Team Really A Good Thing?

Unsurprisingly, some Twitter users believe the new hire might not be a good sign. They suggest that adding another lawyer means the case is getting an extension of time. In other words, a settlement is not likely and the case will drag on through the coming months.

Others, however, posit that she will be a great asset for Ripple given her solid background.

Perhaps worth pointing out is the fact that while Ripple is welcoming a new attorney to defend Garlinghouse, one of SEC’s lawyers recently withdrew himself from the SEC.vs Ripple case and the agency at large. Dugan Bliss, who had been working with the SEC for roughly 10 years, revealed his departure plans in late May.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Ripple (XRP) на Currencies.ru

$ 1.3809 (-0.16%)
Объем 24H $2.946b
Изменеия 24h: 5.10 %, 7d: 1.88 %
Cегодня L: $1.3171 - H: $1.3853
Капитализация $84.795b Rank 4
Цена в час новости $ 0.8525 (61.98%)

ripple garlinghouse ongoing attorney legal nicole defend

Источник: zycrypto.com

ripple garlinghouse → Результатов: 126


Ethereum “Looking Good” With New Volume Highs Since 2017 While XRP Looks “Promising” to Test Previous High Plus BSV’s 62% Surge

Ethereum “Looking Good” With New Volume Highs Since 2017 While XRP Looks “Promising” To Test Previous High Plus BSV’s 62% Surge ETH consolidation right on top of the Aug-Sept resistance 99 percent of banks love what (Ripple) is doing – Brad Garlinghouse BSV Surges after “Faketoshi” Files for Copyrights of Bitcoin Whitepaper The second largest […]

2019-5-22 18:12


Ripple’s technology is used for transferring billions of dollars around the world, says CEO Brad Garlinghouse

Brad Garlinghouse, the CEO of Ripple, spoke about the payments network around the world on a panel with PayPal’s CEO, Daniel Schulman, at the FinTech Ideas Festival 2019. Garlinghouse said that the existing payment networks are slow and inefficient and that they need an upgrade since transferring money across border takes days, despite innovations in […] The post Ripple’s technology is used for transferring billions of dollars around the world, says CEO Brad Garlinghouse appeared first on AMBCrypto.

2019-4-4 14:30


‘I Don’t Understand!’: Watch Ripple’s CEO Rant Against JPMorgan’s Cryptocurrency

In a Brad Garlinghouse vs. Jamie Dimon crypto showdown, the Ripple chief is not the least bit intimidated by his Wall Street rival. Ripple CEO Unloads on JPMorgan Cryptocurrency at DC Blockchain Summit Garlinghouse was featured as the keynote speaker at DC Blockchain Summit 2019, where he gave a fireside chat with Nasdaq’s Jill Malandrino.

2019-3-10 01:30


Ripple CEO Questions Use Case of JPM Coin, Believes It is More Prone to Risk than XRP

A recent CoinDesk report revealed Ripple’s CEO, Brad Garlinghouse’s viewpoint on JP Morgan Chase’s official announcement of its stablecoin, JPM Coin. While Garlinghouse appears to encourage and applaud JP Morgan Chase for their new endeavor, he supposedly feels discomfort with respect to the global financial services’ approach in using the said token. The JPMCoin was […]

2019-3-7 17:57


Глава Ripple: JPMorgan зашел в криптосферу, но запуск JPM Coin не имеет смысла

Глава американского блокчейн-стартапа Ripple Брэд Гарлингхауз (Brad Garlinghouse) снова дал низкую оценку попытке финансового холдинга JPMorgan запустить собственный стейблкоин. Ссылаясь на слова представителя Morgan Stanley о том, что банковский холдинг не планирует использовать JPM Coin, Гарлингхауз посчитал, что вряд ли он пригодится и другим банкам, а если каждое финансовое учреждение создаст свою криптовалюту, это только усложнит работу и повысит […]

2019-3-7 11:55


Руководитель Ripple: JPMorgan не понимают сути криптовалют

По мнению руководителя компании Ripple Брэда Гарлингхауса (Brad Garlinghouse), специалисты американского банка JPMorgan, объявившие на прошлой неделе о запуске собственной цифровой монеты JPM Coin, неправильно понимают природу криптовалют.

2019-2-18 11:17


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Is Wall Street Really Buying XRP Or Are They Waiting For Something Else To Happen?

Wall Street’s recent buying activity in XRP has drawn growing attention, but the reality may be more nuanced than headlines suggest. While some major institutions have taken positions in XRP-related investment products, the timing, scale and structure of these holdings indicate that they may be waiting for a broader trigger before committing fully to the […]

XRP Open Interest Surges As Price Slides—More Volatility Ahead?

Data shows the XRP Open Interest has witnessed a notable surge alongside the asset’s price drop, a sign that investors have been putting up fresh bets. XRP Open Interest Has Shot Up Over The Past Day As pointed out by CryptoQuant community analyst Maartunn in an X post, the XRP Open Interest has seen a jump recently.

XRP Season About To Start? Historical Oversold Levels Point To Major Rally

A decade of price data, a modified RSI sitting at 33, and a macro support line that has survived every significant crash since 2014. This is the current state of XRP’s price action, and according to a technical outlook, the cryptocurrency is now moving around at the exact geometric coordinate where its most explosive historical […]

Is BlackRock Going Into XRP? This Ripple Move Could Be The Game-Changer

The world’s largest asset manager has yet to file for a spot XRP exchange-traded fund, but a growing body of evidence suggests the distance between BlackRock and that step is narrowing.  Discussion regarding whether BlackRock is preparing to move into XRP has picked up again, but the real reason is not coming from filings or […]