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News

Ripple v. SEC: Attorney Jeremy Hogan Says Case Has Moved “So Far So Good” Despite Delays

April 22, 2022 - Around 2 mins mins to read

Despite delays, Attorney Jeremy Hogan believes the Ripple v. SEC case has moved “so far so good,” according to an XRP user. From a legal standpoint, the Twitter user wanted to know how Ripple’s case was going.

Attorney Jeremy Hogan Says Case Has Moved "So Far So Good" Despite Delays
Attorney Jeremy Hogan Says Case Has Moved “So Far So Good” Despite Delays

The lawsuit in court against the SEC, according to Ripple CEO Brad Garlinghouse, is going “exceedingly well.” He also stated that, despite the lengthy legal battle, the company is experiencing “historic growth” outside of the United States.

Brad Garlinghouse indicated in a fireside chat hosted by CNBC during a big blockchain-themed conference in Paris on April 14 that the case is going a lot better than he expected when it unexpectedly began 15 months ago—in late December 2020. He did, however, remind out that the matter is not proceeding as quickly as he would like.

Garlinghouse also stated that the lawsuit against the SEC is nearing its conclusion and that Ripple would “come out good,” while acknowledging that the case’s repercussions will be critical not only for Ripple, but for the entire crypto business in the United States as a whole.

Judge Torres granted the SEC’s Motion for Extension Time to File its Objection to Magistrate Judge Netburn’s DPP Ruling, according to earlier updates supplied by defense lawyer James K. Filan. After Magistrate Judge Netburn rules on the SEC’s new privilege assertions, the objection is due 14 days later.

Ripple and the SEC are scheduled to present a tentative schedule today, raising expectations. “I don’t think we’ll see a schedule that starts briefing in June,” defense lawyer James K. Filan said ahead of time. I believe a more realistic timeframe for summary judgment motions would be to begin briefing in July or August and finish all briefings in October or November.”

The decision on the emails linked to former SEC employee William Hinman’s contentious Ethereum lecture is still pending. Ripple, on the other hand, appears to be willing to go to summary judgment in the absence of a definite resolution on the subject.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Annie

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Author

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.