SEC v. Ripple: Judge greenlights investment banker declarant’s entry

According to a court filing, Judge Torres granted approval for Andrew A. Kunsak from the law company Sidley Austin LLP to serve as a financial investment banker declarant in the continuous claim of U.S. SEC v. Ripple Labs.Previously, Ripple had objected to a comparable look by a financial investment lender declarant affiliated with the law company that supported the U.S. SECs position, triggering concerns amongst the accuseds.”In an effort to avoid the divulgence of sensitive details as per a previously sealed court directive, the court seeks to deal with problems related to orders that turned down the SECs plea to seal the Hinman speech documents, as well as Ripples demand to seal information concerning XRP sales, including programmatic and institutional sales. Source: Court ListenerThe investment lender declarants objective is to secure their stakeholders in light of the SECs intent to challenge Judge Torres summary judgment decision.The SEC has actually sent a motion looking for an interlocutory appeal concerning Judge Analisa Torres verdict that programmatic sales of XRP (XRP) do not fall under the category of securities according to the Howey Test.