Lawyer and cryptocurrency expert Jeremy Hogan thinks that Ripple has finally “taken off” in its legal confrontation with the US Securities and Exchange Commission (SEC).
Ripple takes the gloves off in Ripple lawsuit, goes after ‘ridiculous’ SEC tactics
The SEC sued Ripple in late 2020, alleging that the payments company sold XRP as an unregistered security. Recent controversies in the lawsuit centered on documents related to former SEC Director William Hinman, who Ripple alleges had a conflict of interest during his participation in the early stages of the lawsuit. Hinman also gave a speech in 2018 where he stated Ethereum (ETH) is not a security.
Federal Judge Sarah Netburn first ordered the SEC to send emails related to the speech in January, but the SEC objected to the order. Netburn dropped the challenge and ordered the SEC to hand over the requested drafts and emails last month, though she did ask for clarification.
FINALLY I feel like Ripple has taken the gloves off and is talking about how ridiculous the SEC’s litigation tactics surrounding the “Hinman emails” are.
The judge may still allow the sur-reply but at least Ripple is calling out the delay tactics strongly. 💪💪 https://t.co/mKpJVUsrHG pic.twitter.com/x5W5ht5JvX
— Jeremy Hogan (@attorneyjeremy1) May 3, 2022
The SEC then requested more time to file an objection to Netburn’s decision to uphold their challenge.
Hogan told his 207,400 Twitter followers that Ripple is “calling out the delay tactics strongly” in a new response. He also noted that Ripple doesn’t appear to be preparing to move out of the United States, based on a new report by the San Francisco Business Times showing that the payments company has rented a new headquarters building in the city.
Read more:
- Solomon Comes Out Swinging In Opposing SEC Request To File A Reply Brief In The Ripple Case
- Judge Granted SEC’s Request To In Connection With Attorney-Client Privilege Claims About Hinman Speech Documents