The legal battle that began between the U.S. Securities and Exchange Commission (SEC) and San Francisco-based blockchain payments company Ripple is still ongoing and has advanced well so far. The more recent news related to the case is that the blockchain payments giant has hired a new lawyer for the case, whose job it will be to defend the company’s chief executive officer.
Ripple’s legal team welcomes new lawyer
The Ripple legal team has reportedly welcomed a new attorney named Nicole Tatz, who hails from the law firm Cleary Gottlieb Steen & Hamilton LLP. She will defend the current Chief Executive Officer (CEO) of Brad Garlinghouse in the ongoing proceedings before the US Securities and Exchange Commission.
The website of the law firm she belongs to shows that this lawyer continues to focus solely on enforcement and litigation.
This news was reported to the Ripple and cryptocurrency community by James K. Filan, the defense attorney and attorney who briefs on Ripple’s legal defense in the SEC litigation.
#XRPCommunity #SEC_NEWS V. #Wave #XRP Attorney Nicole Tatz appeared on the case on behalf of Brad Garlinghouse. Welcome to Team Ripple. You can find the background of attorney Tatz here: https://t.co/Y2qGYWps9M pic.twitter.com/ZqYsS6qNSG
– James K. Filan (@FilanLaw) June 10, 2021
While a new attorney joins Ripple’s team, the United States independent agency loses one of its key lawyers, who is about to leave the SEC’s legal team.
To provide some context, the lawsuit between these two companies was originally made on the 22nd, generating $ 1.3 billion in profits and in violation of the Securities Act. Ripple and its native digital currency XRP had to have many causes after this case. However, things have cooled off too much for Ripple and XRP for now.