SEC v. Ripple: Attorneys leave SEC side, both groups add new lawyers
Several lawyers have moved in and out of the claim between Ripple Labs, its executives and the United States Securities and Exchange Commission, as signified by court filings on Aug. 23. The latest movements filed were requesting approval to withdraw attorneys Richard Best and Robert MacDonald Moye from the trial, with the former having the motion instantly gave due to prolonged medical leave. She began working more on the Ripple case after Tenreiro got a promotion (although he still is in charge of the case) and Attorney Bliss left the SEC to go work for BlockFi.
Guerrier could be reassigned or might be leaving the SEC. She started working more on the Ripple case after Tenreiro got a promo (although he still is in charge of the case) and Attorney Bliss left the SEC to go work for BlockFi. Tenreiro had Guerrier …– John E Deaton (@JohnEDeaton1) August 23, 2023
Numerous lawyers have actually moved in and out of the claim in between Ripple Labs, its executives and the United States Securities and Exchange Commission, as represented by court filings on Aug. 23. The current movements filed were requesting permission to withdraw lawyers Richard Best and Robert MacDonald Moye from the trial, with the previous having the movement immediately approved due to prolonged medical leave. Moyes withdrawal is still pending a choice from Judge Analisa Torres. Earlier the exact same day, a movement was applied for attorney Pascale Guerrier to be dismissed from the case. This demand was also quickly given by the judge. Court filing for the withdrawal of SEC lawyer Pascale Guerrier. Source: Official court documentsIn a video game of legal musical chairs, also on Aug. 23, Judge Torres approved attorney Michael A. Schulman for Brad Garlinghouse, CEO of Ripple, along with lawyers Marc J. Jones and Peter Bryan Moores to represent the SEC. In response to the changes, the crypto neighborhood has actually taken its viewpoints to social networks. Some users remarked that the lawyers leaving the side of the SEC “do not want their name tied to the incorrect side of history.” Another commented on the timing, saying: SEC has attorneys stopping prior to the ship sinks completely– XRPcryptowolf (@XRPcryptowolf) August 23, 2023
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Other Questions People Ask
What recent changes occurred in the SEC v. Ripple case regarding attorneys?
On August 23, 2023, significant attorney movements were noted in the SEC v. Ripple case, with the withdrawal of attorneys Richard Best and Robert MacDonald Moye from the trial. Best's withdrawal was approved due to prolonged medical leave, while Moye's request is still pending a decision from Judge Analisa Torres. Additionally, attorney Pascale Guerrier was also granted permission to withdraw from the case on the same day.
How are the attorney changes impacting the SEC's position in the Ripple case?
The departure of several attorneys from the SEC's side may indicate a shift in strategy or confidence regarding the case against Ripple Labs. Observers have noted that some lawyers appear to be distancing themselves from what they perceive as a losing side, with comments on social media suggesting that they do not want their names associated with a potential failure. This could affect the SEC's legal representation and overall strategy moving forward.
Who are the new attorneys representing Ripple in the ongoing case?
In response to the recent attorney withdrawals, Judge Torres approved new legal representation for Ripple, including attorney Michael A. Schulman for CEO Brad Garlinghouse. Additionally, lawyers Marc J. Jones and Peter Bryan Moores have been added to represent Ripple in this high-profile case.
What does the withdrawal of SEC attorneys signify for the future of the Ripple case?
The withdrawal of SEC attorneys could signify potential challenges for the commission as it continues its legal battle against Ripple Labs. The timing of these departures has raised eyebrows, with some commentators suggesting that it reflects a lack of confidence in the SEC's position. As new attorneys join both sides, the dynamics of the case may shift, impacting strategies and outcomes.
What reactions have emerged from the crypto community regarding attorney changes in SEC v. Ripple?
The crypto community has been vocal about the recent attorney changes in the SEC v. Ripple case, with many expressing skepticism about the SEC's position. Comments on social media highlight concerns that attorneys leaving may be trying to avoid being associated with a losing argument. This sentiment underscores the heightened scrutiny and interest surrounding the case as it unfolds.