{"id":544879,"date":"2023-07-28T16:00:52","date_gmt":"2023-07-28T16:00:52","guid":{"rendered":"https:\/\/ktsl888.com\/?p=544879"},"modified":"2024-06-11T07:56:48","modified_gmt":"2024-06-11T07:56:48","slug":"ripple-attorney-withdraws-from-sec-lawsuit","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ripple\/ripple-attorney-withdraws-from-sec-lawsuit\/","title":{"rendered":"Ripple Attorney Withdraws From SEC Lawsuit, Will It Affect XRP?"},"content":{"rendered":"

A recent development in the ongoing showdown between the United States Securities and Exchange Commission (SEC) has seen the withdrawal of another Ripple attorney from the lawsuit, recent court <\/span>filings<\/span><\/a> reveal. This comes after a motion was <\/span>filed<\/span><\/a> earlier in the month for Anna R. Gressel to withdraw as attorney of defendant Ripple Labs.<\/span><\/p>\n

This recent withdrawal has cast a shadow of uncertainty as holders of XRP ponder on the likely impact of this development.<\/span><\/p>\n

Ripple Remains Upbeat Despite Attorney\u2019s Withdrawal<\/h2>\n

According to details in the <\/span>filing<\/span><\/a> made at the District Court for the Southern District of New York on July 27, Ripple is asking for the leave of the court to withdraw Lisa R. Zornberg as an attorney to the defendants in the ongoing XRP vs. SEC lawsuit.\u00a0<\/span><\/p>\n

Related Reading: VC Firm Sequoia Capital Slashes Crypto Fund By 65% Amid Bear Market<\/a><\/div>\n

Ripple is appealing to the court to grant Lisa R. Zornberg of the popular Debevoise & Plimpton LLP permission to withdraw as an attorney in the lawsuit. This is in light of the fact that Lisa R. Zornberg will no longer be working with the law firm from July 31.\u00a0<\/span><\/p>\n

The foremost federal prosecutor was appointed by New York City Mayor Eric Adams as City Hall’s Chief Counsel earlier this week. However, this move does not in any way affect Ripple\u2019s relationship with Debevoise & Plimpton LLP as other attorneys of the firm will continue representing Ripple Labs in the case.\u00a0<\/span><\/p>\n

Ripple has also reiterated that the withdrawal of Lisa R. Zornberg does not in any way affect its interests, including those of CEO Brad Garlinghouse and co-founder Chris Larsen.<\/span><\/p>\n

It\u2019s also important to note that the court had previously approved <\/span>withdrawal motions<\/span><\/a> for three attorneys Kylie Chiseul Kim, Clayton J. Masterman, and Anna R. Gressel to exit the lawsuit. <\/span>\u00a0<\/span><\/p>\n

Attorney Withdraws As Case Grinds to a Close<\/h2>\n

The withdrawal of Lisa R. Zornbergs comes in the wake of Judge Analisa Torres’ referral of the lawsuit to Magistrate Judge Sarah Netburn. Magistrate Judge Netburn instructed the SEC and Ripple to reach an agreement on three mutually suitable dates to hold a <\/span>settlement conference<\/span><\/a> on issues like institutional sales of XRP.<\/span><\/p>\n

Related Reading: Bitcoin Set To Accelerate As A Store Of Value In Wake Of Bank Collapses, Cathie Wood<\/a><\/div>\n

XRP\u2019s price witnessed a surge in the wake of the <\/span>summary judgment<\/span><\/a> entered in favor of Ripple. The plans unveiled by Ripple have also helped in bolstering investor confidence as the demand for XRP among institutional investors continues to surge.<\/span><\/p>\n

XRP is currently trading at $0.071, down 0.5% in the last 24 hours according to data from <\/span>CoinGecko<\/span><\/a>. However, its current price puts it 33% higher than its July opening price of $0.47.<\/span><\/p>\n

\"Ripple<\/p>\n

XRP price is 33% higher compared to July lows | Source: XRPUSD on Tradingview.com<\/a><\/pre>\n
Featured image from iStock, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
A recent development in the ongoing showdown between the United States Securities and Exchange Commission (SEC) has seen the withdrawal of another Ripple attorney from the lawsuit, recent court filings reveal. This comes after a motion was filed earlier in the month for Anna R. Gressel to withdraw as attorney of defendant Ripple Labs. This recent withdrawal has cast a shadow of uncertainty as holders of XRP ponder on the likely impact of this development. Ripple Remains Upbeat Despite Attorney\u2019s Withdrawal According to details in the filing made at the District Court for the Southern District of New York on July 27, Ripple is asking for the leave of the court to withdraw Lisa R. Zornberg as an attorney to the defendants in the ongoing XRP vs. SEC lawsuit.\u00a0 Related Reading: VC Firm Sequoia Capital Slashes Crypto Fund By 65% Amid Bear Market Ripple is appealing to the court to grant Lisa R. Zornberg of the popular Debevoise & Plimpton LLP permission to withdraw as an attorney in the lawsuit. This is in light of the fact that Lisa R. Zornberg will no longer be working with the law firm from July 31.\u00a0 The foremost federal prosecutor was appointed by New York City Mayor Eric Adams as City Hall’s Chief Counsel earlier this week. However, this move does not in any way affect Ripple\u2019s relationship with Debevoise & Plimpton LLP as other attorneys of the firm will continue representing Ripple Labs in the case.\u00a0 Ripple has also reiterated that the withdrawal of Lisa R. Zornberg does not in any way affect its interests, including those of CEO Brad Garlinghouse and co-founder Chris Larsen. It\u2019s also important to note that the court had previously approved withdrawal motions for three attorneys Kylie Chiseul Kim, Clayton J. Masterman, and Anna R. Gressel to exit the lawsuit. \u00a0 Attorney Withdraws As Case Grinds to a Close The withdrawal of Lisa R. Zornbergs comes in the wake of Judge Analisa Torres’ referral of the lawsuit to Magistrate Judge Sarah Netburn. Magistrate Judge Netburn instructed the SEC and Ripple to reach an agreement on three mutually suitable dates to hold a settlement conference on issues like institutional sales of XRP. Related Reading: Bitcoin Set To Accelerate As A Store Of Value In Wake Of Bank Collapses, Cathie Wood XRP\u2019s price witnessed a surge in the wake of the summary judgment entered in favor of Ripple. The plans unveiled by Ripple have also helped in bolstering investor confidence as the demand for XRP among institutional investors continues to surge. XRP is currently trading at $0.071, down 0.5% in the last 24 hours according to data from CoinGecko. However, its current price puts it 33% higher than its July opening price of $0.47. XRP price is 33% higher compared to July lows | Source: XRPUSD on Tradingview.com Featured image from iStock, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":544884,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[3680,88728,88207,88729,4531],"class_list":["post-544879","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-ripple","tag-ripple-attorney","tag-ripple-lawsuit","tag-ripple-v-sec","tag-xrp"],"acf":[],"yoast_head":"\nRipple Attorney Withdraws From SEC Lawsuit, Will It Affect XRP?<\/title>\n<meta name=\"description\" content=\"A recent development in the ongoing showdown between the United States Securities and Exchange Commission (SEC) has seen the withdrawal of another Ripple\" \/>\n<meta name=\"robots\" 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/ktsl888.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ripple Attorney Withdraws From SEC Lawsuit, Will It Affect XRP?","url":"http:\/\/ktsl888.com\/news\/ripple\/ripple-attorney-withdraws-from-sec-lawsuit\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/ripple\/ripple-attorney-withdraws-from-sec-lawsuit\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/iStock-1135927483.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/iStock-1135927483.jpg?fit=2121%2C1414"},"articleSection":"Ripple","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ripple","ripple attorney","ripple lawsuit","ripple v sec","xrp"],"dateCreated":"2023-07-28T16:00:52Z","datePublished":"2023-07-28T16:00:52Z","dateModified":"2024-06-11T07:56:48Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ripple Attorney Withdraws From SEC Lawsuit, Will It Affect XRP?\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ripple\\\/ripple-attorney-withdraws-from-sec-lawsuit\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ripple\\\/ripple-attorney-withdraws-from-sec-lawsuit\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/iStock-1135927483.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/iStock-1135927483.jpg?fit=2121%2C1414\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ripple\",\"ripple attorney\",\"ripple lawsuit\",\"ripple v sec\",\"xrp\"],\"dateCreated\":\"2023-07-28T16:00:52Z\",\"datePublished\":\"2023-07-28T16:00:52Z\",\"dateModified\":\"2024-06-11T07:56:48Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/iStock-1135927483.jpg?fit=2121%2C1414","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/544879"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=544879"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/544879\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/544884"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=544879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=544879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=544879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}