Ripple Legal Battle: SEC Lawyers Step Down, New Attorneys Join In

Ripple’s Legal Battle: SEC Attorneys Step Down

• Three lawyers representing the United States Securities and Exchange Commission (SEC) have withdrawn from the lawsuit with Ripple Labs.
• US SEC has been seeing an exodus of its lawyers in its case with Ripple Labs.
• XRP community is beginning to create a narrative behind the attorneys’ decision to step aside while the SEC seeks an interlocutory appeal against Judge Torres’ ruling that XRP is not security.

SEC’s New Legal Team

The US regulator, however, got approval to add two attorneys to its legal team namely Marc J. Jones and Peter Bryan Moores. Meanwhile, Judge Torres approved Attorney Michael A. Schuman for Ripple’s Chief Executive Officer Brad Garlinghouse.

XRP Community Reacting To The Latest Events

Some crypto enthusiasts and pro-XRP entities are beginning to create a narrative behind the attorneys’ decision to step aside while the SEC seeks an interlocutory appeal against Judge Torres’ ruling that XRP is not security. One X (formerly Twitter) user claimed that these lawyers do not want their names tied to the wrong side of history while another said that the SEC lawyers are quitting before the ship appears to be sinking.

Confidence In Possible Victory

The latest events suggest a growing confidence and optimism among supporters that Ripple Labs will bag full victory even in the face of the SEC’s interlocutory appeal. Pro-XRP lawyer John Deaton reiterated his confidence that Ripple will snag a victory against the regulator’s appeal and explained why they have been placed in such a difficult situation.

Conclusion

The recent developments seem to indicate that there is still some hope among XRP supporters despite all odds stacked up against them by US regulators as more attorneys resign from this case and new ones enter it at every turn of events. Follow us for more crypto news!

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