The cryptocurrency world is closely following the Ripple case, which has the potential to affect the entire market. That’s why any change or move in the case matters. The case in question continues to be heard in the US District Court for the Southern District of New York. In the latest development, a new lawyer experienced in crypto has become involved in the lawsuit on behalf of the Ripple CEO.
Attorney Caleb J. Robertson is involved in the XRP case!
In another development in the Ripple case, a new attorney has arrived in the US District Court for the Southern District of New York on behalf of Ripple CEO Brad Garlinghouse. This development probably means the beginning of a new chapter. As you may recall, the U.S. Securities and Exchange Commission (SEC) has requested permission to file a provisional appeal in the ongoing lawsuit. This move by Ripple came right after this development.
Attorney Caleb J. Robertson of Cleary Gottlieb Steen & Hamilton LLP appeared on behalf of Ripple CEO in a filing dated August 22, 2023, in the lawsuit filed against the US SEC. In the file, the attorney requested the court to provide all documents and communications in the case. Alongside attorney Roberston, another attorney, Michael A. Schulman, has applied to appear on behalf of Garlinghouse as Pro Hac Vice in the SEC case.
The new lawyer has experience in the crypto space
Attorney Robertson has experience working in the practice space for a cryptocurrency platform “in connection with multiple government investigations,” as well as the Ripple case. He also represents financial institutions, securities trading firms, investment managers and publicly traded companies on regulatory matters.
Ripple CEO’s role in XRP lawsuit
cryptocoin.com As you follow, the US SEC filed a lawsuit against Ripple on December 22, 2020. In its complaint, the SEC targeted Christian Larsen, the company’s co-founder, along with Garlinghouse. He accused them of raising capital through the sale of XRP in the form of “unregistered securities”. The complaint alleges that Ripple has been raising funds starting in 2013 through an unregistered sale of digital assets known as XRP to investors in the United States and around the world.
However, a short time ago, Judge Analisa Torres dismissed this claim in her historic Summary Judgment. In this context, the Judge ruled that the programmatic sale of the token to individual buyers does not constitute a sale of securities. This decision will likely set a precedent in other crypto lawsuits. That’s why experts consider it a big win for crypto market participants.
