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

Other Questions People Ask

What recent changes occurred in the SEC v. Ripple case regarding attorneys?

Recent court filings on August 23 revealed significant attorney movements in the SEC v. Ripple case. Attorneys Richard Best and Robert MacDonald Moye requested to withdraw from the trial, with Best's motion being approved due to medical leave. Additionally, attorney Pascale Guerrier's withdrawal was also granted by Judge Analisa Torres, indicating a shift in the legal representation for both sides.

How are the attorney changes impacting the SEC v. Ripple case?

The withdrawal of attorneys from the SEC side in the SEC v. Ripple case raises questions about the stability and strategy of the commission's legal team. With key lawyers like Pascale Guerrier and Richard Best stepping down, it may affect the SEC's approach to the ongoing litigation against Ripple Labs and its executives. The crypto community has reacted, suggesting that these departures indicate a lack of confidence in the SEC's position.

What does the addition of new lawyers mean for Ripple's defense?

The addition of new attorneys, such as Michael A. Schulman representing Ripple's CEO Brad Garlinghouse, signals a proactive approach to strengthening their defense in the SEC v. Ripple case. This influx of legal talent could provide fresh perspectives and strategies as the case progresses.

What are the implications of attorneys leaving the SEC side in the Ripple case?

Attorneys leaving the SEC side in the SEC v. Ripple case could suggest internal challenges within the commission's legal strategy. Observers have noted that these departures might reflect a desire among lawyers to distance themselves from a potentially losing case. As public sentiment shifts, this could influence how both parties prepare for upcoming court proceedings.

Why did some attorneys leave the SEC in the Ripple case?

Some attorneys have left the SEC in the Ripple case due to various reasons, including personal circumstances like medical leave and career moves, such as attorney Bliss joining BlockFi. These changes highlight a dynamic legal environment where attorneys are reassessing their positions amidst ongoing litigation. The timing of these departures has led to speculation about the SEC's future direction in this high-profile case.