Two more US SEC attorneys withdraw from XRP lawsuit

Two more attorneys have withdrawn from representing the US Securities and Exchange Commission (SEC) in its lawsuit against Ripple over XRP offerings, leading to speculation that lawyers are leaving in anticipation of the regulator losing the case.

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Relevant topic timeline:

8/4/2023

Coinbase wants its SEC lawsuit dismissed, arguing it doesn't deal in securities

Main topic: Coinbase's motion to dismiss SEC lawsuit Key points: 1. Coinbase claims it does not offer "investment contracts" and therefore the SEC has no authority over its operations. 2. Coinbase cites a separate SEC case involving Ripple Labs' XRP, where a judge ruled that it was not considered a security when sold on exchanges. 3. A different judge disagreed with the Ripple ruling in a case against Terraform Labs, allowing the SEC to proceed with claims involving sales made on exchanges and allegations of fraud.

8/22/2023

Deaton: Ripple's SEC Woes Could've Been Dodged with Right Law Firm

Ripple Labs could have potentially avoided the SEC lawsuit if it had chosen the right law firm, according to attorney John Deaton.

8/23/2023

Ripple's Brad Garlinghouse and Chris Larsen Show New Trial Schedule

Top executives from Ripple, Brad Garlinghouse and Chris Larsen, have provided their availability for the upcoming trial in 2024 in the ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC), as the SEC appeals the court's ruling that XRP is not a security.

8/24/2023

XRP Lawsuit: Trial Date Revealed As Three Lawyers From SEC’s Legal Team Quit Case

The U.S. Securities and Exchange Commission (SEC) has revealed that the trial for the case against Ripple Labs is scheduled for April 2024, while three attorneys from the SEC's legal team have left the case, leading to speculation about their motivations.

8/29/2023

XRP price could drop to $0.41, amidst developments in SEC vs. Ripple lawsuit

Ripple attorneys are preparing for the SEC's appeal in the lawsuit, with a focus on the Howey Test and former SEC official William Hinman's speech, while XRP is at risk of closing September with losses based on historical trends and struggles to start an upward trend.

9/7/2023

Ripple CTO says 'tide is turning' on US regulatory environment

A court ruling that declared Ripple's XRP token not a security offering may signal a shift in the US legal system's approach to cryptocurrency regulation and ongoing SEC lawsuits.

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Posted 8/24/2023, 1:27:03 PM