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Crypto Market News: A fresh development occurred in the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Ripple, following the recent release of Hinman documents. Uncertainty shrouded the XRP token holders as the wait for Summary Judgment continues. Yet, there is a sense of optimism that Ripple is more likely than not to gain victory in the case, despite the possibility that the summary judgment could be delivered as late as at the end of the year 2023.
Recently, attorney Kylie Chiseul Kim, who was counsel for Ripple Labs, withdrew from the case. Ripple had clarified that the withdrawal had no bearing on the lawsuit. In a similar move, John Deaton, the attorney representing thousands of XRP token holders in the Ripple lawsuit, said another lawyer was making the move.
Lawyer Withdraws From Ripple Lawsuit
Although the lawyer’s name and the reason for withdrawal are yet to be known, Deaton confirmed that he received an email about the same. However, he said this development was in no way a hint of settlement or something similar. The attorney said a lawyer withdrawing from the SEC case ‘means nothing.’
“Just got an email of a filing in the Ripple case and I must have admit, I got (butterflies) in my stomach. But it was just a lawyer withdrawing from the case.”
Asked whether there will be a court date set to deliver the final ruling, Deaton said Ripple, the SEC and all the stakeholders will get to know the verdict at the same time via a filing in the public docket. Meanwhile, there is an ongoing debate about Judge Analisa Torres’ delay in delivering the Summary Judgment.
Also Read: This Country To Join El Salvador In Making Bitcoin Legal Tender: Samson Mow
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