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Ripple VS SEC: Firm adds two lawyers to its legal team, hints at an extended lawsuit


The Ripple vs SEC lawsuit may be taking up a new shape as the blockchain firm Ripple announces two new additions to its legal team. According to a motion, the new attorneys are Kellogg Hansen lawyers Kylie Chiseul Kim and Clayton J. Masterman. And they will be representing the crypto firm in its lingering lawsuit against the U.S. Securities and Exchange Commission.

The new addition suggests a prolonged Ripple vs SEC lawsuit

The two attorneys Masterman and Kim had earlier requested to practice pro hac vice in the SEC case. And now, the Judge of the United States District Court for the Southern District of New York, Analisa Torres has granted their motions. 

Contrary to popular opinion that the lawsuit may finally be nearing its end, it appears Ripple is not giving up. At least, not without some more fight.

In April, Ripple CEO Brad Garlinghouse spoke about his firm exploring other markets and already acting as if it has lost the case. 

Also in June, Garlinghouse said to Axios that Ripple may have to shift base and move out of the United States if the SEC gets favoured in the court ruling. 

However, going by the projections of Stuart Alderoty, general counsel at Ripple Labs, the case should be resolved by 2023.

Better chances for Ripple?

It certainly appears that there is a glimmer of hope for Ripple in its ongoing lawsuit against the SEC.

Apart from the new additions to its legal team, there are reports that the firm may also benefit from the makeup of the Supreme Court that will decide over the case. And one of such figures that may turn out to be a key influence in the lawsuit is John Deaton.  The attorney was responsible for acquiring Amicus Curiae status for the XRP Holders in the Ripple vs SEC case. He presently represents no less than 67,000 of these holders.

  • TAGS
  • Ripple
  • Ripple vs SEC
  • SEC
  • U.S. Securities and Exchange Commission
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