The ongoing legal battle between Ripple Labs and the United States Securities and Exchange Commission (SEC) just got more uncertain, as attourney Lisa R. Zornberg – who’d represented Ripple – seeks permission to withdraw from the lawsuit. According to court filings, Debevoise & Plimpton LLP – the well-known law firm where the attorney served – will see her departure at the end of the month. Despite the change, Ripple have confirm that their relationship with the firm remains intact; with other attourneyans from Debevoise et al. continuing with the representation.
This marks another step in the eventful lawsuit, as three previous lawyers, consisting of Kylie Chiseul Kim, Clayton J. Masterman, and Anna R. Gressel have already resigned. Things took an unexpected turn recently with U.S. District Judge Analisa Torres referring the lawsuit to Magistrate Judge Sarah Netburn who decided both sides must partake in a conference. This focuses on institutional sales of XRP – the struggling cryptocurrency that Ripple had been accused of styling itself off.
Notwithstanding the difficulties, support from investors continues to push XRP on, inflating CardGecko’s latest assessment of over $ 0.071. XRP holders hope that the SEC skiddle won’t dash optimism going forward, with news that another attorney has withdrawn stoking evne more uncertainty to its rocky proceedings.
