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Ripple Hires New Lawyers as SEC Lawsuit Drags On

Tue, 07/05/2022 - 20:01
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Alex Dovbnya
Ripple has added two new attorneys to its legal team
Ripple Hires New Lawyers as SEC Lawsuit Drags On
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Blockchain company Ripple has added two Kellogg Hansen lawyers to its team in order to bolster its legal team.

Kylie Chiseul Kim and Clayton J. Masterman, the two newly added attorneys, will represent one of the top cryptocurrency players in its protracted battle against the U.S. Securities and Exchange Commission.

Judge Analisa Torres has granted their respective motions for admission to practice pro hac vice in the aforementioned case.

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The addition of the new attorneys suggests that legal proceedings may become extended.

Last month, Ripple CEO Brad Garlinghouse told Axios that his company would leave the U.S. if the court were to rule in favor of the SEC.

In April, Garlinghouse said that the company was operating “as if it has already lost” by shifting its focus to other markets.

Stuart Alderoty, general counsel at Ripple Labs, stated that a resolution would likely come in 2023.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.