Ripple Executives Expected Absence From Lawsuit With SEC In 2024

Key Points:

• Ripple executives’ April absence aligns with Bitcoin’s halving, hinting at a potential XRP price surge.
• Notable attorneys join Garlinghouse’s defense against the SEC’s XRP-related charges.
• Ripple’s pretrial response underscores the case’s complexity as the court readies for trial scheduling.

Ripple’s CEO Brad Garlinghouse and Executive Chairman Chris Larsen have communicated their unavailability to the court for two weeks in April, aligning their absence with the highly anticipated Bitcoin halving event. The announcement is in response to a court directive for the final pretrial conference schedule and order.

Legal representatives for Garlinghouse and Larsen have formally informed Judge Analisa Torres of their clients’ unavailability for the pretrial phase. According to official court documents, the Ripple executives will be inaccessible from April 1 to April 14, 2024.

In a notable development, two prominent attorneys from the esteemed law firm Cleary Gottlieb Steen & Hamilton LLP have stepped forward to represent Garlinghouse in the legal proceedings before the United States District Court for the Southern District of New York.

Attorney Michael A. Schulman sought permission through a Pro Hac Vice motion, indicating his intent to practice in a jurisdiction where he isn’t licensed. Concurrently, Attorney Caleb J. Robertson has also entered the scene as counsel for Garlinghouse in the same legal action.

Although the cause of their simultaneous unavailability isn’t explicitly stated, it coincides with the Bitcoin halving event. The Bitcoin halving points to April 14 as the projected date for the reward reduction to 3.125 BTC.

Nevertheless, the filing was made in response to a previous pretrial scheduling order by Judge Analisa Torres. After confirming the trial date, the court aims to establish a date for the final pretrial conference.

The involvement of such prominent legal experts from a reputable firm underscores the complexity and significance of the ongoing case. Garlinghouse and founder Chris Larsen are confronting charges from the SEC concerning the sale and offering of the XRP digital asset.

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