2 ‘Last Minute’ Developments For The Ripple Case!

2 ‘Last Minute’ Developments For The Ripple Case!
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2 'Last Minute' Developments For The Ripple Case!

Attorney Nicole Tatz, as an advisor to Ripple CEO Brad Garlinghouse, filed a Withdrawal Proposal. In the middle, David Gokhshtein predicts a near date for the outcome of the Ripple lawsuit.

Ripple CEO’s lawyer withdraws from case

In the ongoing Ripple lawsuit, attorney Nicole Tatz has filed a Withdrawal Proposal as an Advisor to Ripple CEO Brad Garlinghouse. This comes as he leaves law firm Cleary Gottlieb Steen & Hamilton LLP, which represents the Ripple CEO in the ongoing lawsuit.

In the middle, all other parties continue to be involved in the case. In December 2020, the SEC filed a lawsuit against Ripple Labs. Additionally, two of its executives accused CEO Bradley Garlinghouse and co-founder Christian Larsen of misleading XRP investors by selling $1.3 billion in unrecorded securities offerings.

In April 2021, two executives took action to drop individual lawsuits against them. The response did not come until March of this year, when the defendants’ request to dismiss the case against them was denied. In this middle, the final presentation for the Ripple case has already taken place. The actions taken for the summary decision are now fully summarized. According to James K. Filan, Ripple is asking the judge to rule in its favour. Furthermore, Filan expects his court to render its decision on the Ripple case in early 2023.

2 'Last Minute' Developments For The Ripple Case!

Ripple CEO Brad Garlinghouse expects the case to go no further. Accordingly, it foresees an analysis in the first half of 2023. In the middle, members of the XRP community are crossing their fingers for a positive decision.

“Ripple case result can be announced in just 2 months”

David Gokhshtein, the founder of Gokhshtein Media, made a post about the Ripple case yesterday. Gokhshtein said that the court decision could be announced two months from now, that is, at the beginning of 2023. Earlier this year, Gokhshtein argued that if Ripple wins, it will help the crypto giant and XRP, as well as the entire crypto industry, become ballistic.

Initially, rumors arose that the reconciliation date could be December 15. Cardano founder Charles Hoskinson shared in his latest AMA that he heard that the SEC’s long-running lawsuit against Ripple Labs is about to end on that date.

Many XRP users started trolling Hoskinson for this. Moreover, she called him a liar. This caused the founder of IOG and Cardano to state this week that he does not want to get involved in the Ripple lawsuit or any random discussion about XRP and wants to distance himself from the XRP army.

Initially, earlier this year, Ripple leader Brad Garlinghouse said that he expects the Ripple trial to be finished in the first quarter of 2023. But Garlinghouse did not hold back that the settlement date could be delayed and the case could take much longer to resolve. Ripple’s legal effort began in late 2020, when the SEC filed suit. It’s been going on ever since. But now the XRP community hopes that the effort will soon be over once Ripple wins the case.

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