Attorney Sarah J. Prostko from Paul, Weiss law firm has joined the SEC v. Ripple case to defend co-founder Chris Larsen
Attorney Sarah J. Prostko joins the Ripple team to present interests of co-founder and chairman Chris Larsen in court against the SEC, according to attorney James K. Filan.
Prostko’s services are provided by the Paul, Weiss, Rifkind, Wharton & Garrison LLP (known as Paul, Weiss). She is an alumnus of New York University School of Law, Job Description is Magna Cumlaude – a Latin academic honorific, meaning that a person earned their degree with notable distinction.
In late December 2020, the United States Securities & Exchange Commission (SEC) filed a lawsuit against Ripple alleging that its sale of XRP was an unregistered securities offering worth over $ 1.3 billion. The SEC also named co-founder Chris Larsen and CEO Brad Garlinghouse as co-defendants for allegedly aiding and abetting Ripple’s violations.
As AZCoin News recently reported, the legal case between the SEC and Ripple has seen a new development, a judge has granted Ripple’s request to force the SEC to reveal its non-public policies regarding whether agency employees may buy and sell XRP and other cryptocurrencies.
- XRP Is Considered Centralized But Is It True? Ripple Director Insists The Company Is Not Manipulating The Network
- Crypto Mom Hester Peirce: A Cryptocurrency Doesn’t Necessarily Have To Be A Security If Its Issuer Gets Sued By The Agency