• Judge Analisa Torres has recently approved a notice of appearance in the case between Ripple Labs and the US Securities and Exchange Commission.
• Andrew A. Kunsak from Sidley Austin LLP will appear as an investment banker declarant in the lawsuit, which aims to protect their own stakeholders and bar uncertainty.
• The purpose of this is to avoid disclosure of any potentially confidential information in response to an earlier order that was sealed by the court – that of the Hinman Speech Documents.
Recently, Judge Analisa Torres approved a notice of appearance for an Investment Banker Declarant in the case between crypto heavyweight Ripple Labs and the US Securities and Exchange Commission. The purpose is to avoid disclosure of any potentially confidential information in response to an earlier order that was sealed by the court – that of the Hinman Speech Documents.
Investment Banker Declarant
The Investment Banker Declarant will be Andrew A Kunsak from Sidley Austin LLP who entered his appearance for Investment Banker Declarant in this case. He aims to protect his own stakeholders and bar uncertainty as SEC looks to further appeal the Court’s summary judgment ruling, where Judge Torres concluded that secondary XRP sales did not constitute securities offerings under federal law.
The unsealed order relates to Hinman Speech Documents which are related to Brad Garlinghouse’s deposition on August 5th regarding whether XRP is or isn’t a security token according to SEC standards. These documents could have been extremely damaging towards Ripple if they were made public, thus why they remain sealed until further notice.
Ripple v SEC Case
Ripple v SEC case has been among one of heavily discussed topics within cryptocurrency industry lately due its potential outcome for XRP security status determination by SEC standards as well as its implications on other digital assets like Bitcoin (BTC) and Ethereum (ETH). As this case continues further, it remains unclear what kind of impact it might have on wider crypto market landscape in future days ahead .
It is evident that Ripple’s legal battle with SEC is far from over despite recent decision by judge Analisa Torres approving notice of appearance for Investment Banker Declarant . This decision was made with intention avoiding possible disclosures confidential information , but its true impact will still need some time before being fully revealed .