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Ripple lawyer details another important development in the XRP lawsuit today

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Ripple lawyer details another development in the XRP lawsuit

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It seems that every day, there is a new development in the SEC V Ripple case. Just yesterday, Deaton Law Firm’s attorney John Deaton filed a motion to intervene on behalf of XRP holders in Ripple’s legal battle with the U.S Securities and Exchange Commission. He had stated that SEC doesn’t represent XRP holders’ interests.

Today, one of the lawyers representing Ripple, James K Filan, took to Twitter to state that a new ‘discovery conference’ will be taking place. He further stated that:

This is discovery conference regarding the #SEC contacting foreign regulators and seeking discovery outside the Rules of Federal Procedure and the Hague Convention.

Filan further tweeted that “members of the public may join the upcoming conference as passive listeners.”

He added:

Members of the public who wish to listen to the conference may do so by dialing: USA: (844) 291-4185; or International: (409) 207-6997, and entering Access Code 71063935, followed by the pound (#) key. This public line will accommodate 4,000 callers. The public is reminded

He further cautioned that both recording and rebroadcasting (e.g., Youtube streams, Twitch streams, audio-only streaming, etc.) was strictly prohibited, and “anyone found making unauthorized recordings or rebroadcasts will be investigated and may be subject to criminal sanctions.”

XRP, at the time of writing, was trading at a healthy $1.39, with the altcoin having surged to a 3-year high only recently. On the 24th of December, two days after the lawsuit was filed, the crypto was valued at $0.26.

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Jibin Mathew George is Editor-in-Chief at AMBCrypto. A domain expert in International Relations (European Politics), he has always been a believer in the unlimited possibilities afforded by blockchain and by extension, cryptocurrencies. As someone who has been watching and writing about this space for over 5 years now, Jibin has closely tracked the emergence of cryptos and digital assets as a separate asset class in portfolios world over. A lawyer by training, he previously contributed to the News and Research desk of Diplomacy & Beyond Plus. Before his stint at D&B, he was Editor at ED Times. Jibin also takes a great interest in politics, especially the corresponding effect political decisions and fiscal policy have on the world of finance, with a special focus on cryptocurrencies.
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