Lеgal

Court Grants Permission to Ripple CEO and Co-Founder to Seek International Judicial Assistance

Prominent XRP community member and an attorney who has been closely following the Ripple vs SEC case, James K. Filan, has shared a new piece of information regarding the legal battle with the community.

According to his tweet, the court has granted the permission to Brad Garlinghouse (Ripple CEO) and Christopher Larsen (Ripple co-founder) to issue letters of request to seek international judicial assistance.

Ripple scores another win against the SEC

Filan, who often shared news regarding the legal case with the XRP community, has explained that the aforementioned letters are also known as letters rogatory (letters of request), i.e. a formal request to a court of another country for some sort of judicial assistance.

The letters have been issued by the court, Filand continues in the Twitter thread, and have been passed to Cleary Gottlieb Steen & Hamilton LLP (the law firm that provides legal defense to Ripple, Bradley Garlinghouse and Christopher Larsen against the SEC agency).

These letters of request will be served in the Central Authorities of the United Kingdom of Great Britain and Northern Ireland, as well as the Cayman Islands, the British Virgin Islands, Hong Kong, Singapore, the Seychelles, South Korea and Malta.

The purpose of these letters

James Filan did not reply to a request of some XRP fans to explain the purpose of these letters rogatory. However, Twitter user @kmag00ster has assumed that Ripple is collecting evidence in order to reduce the possible damage should the court make a ruling against them and in favour of the SEC.

The SEC only has jurisdiction over sales in the USA, so they [Ripple] are gathering data, which proves that the SEC has no jurisdiction over big part of the $1.3 billion.

$1.3 billion the commenter refers to is the amount Ripple, Garlinghouse and Larsen earned from selling XRP to financial institutions since 2012.

SEC’s and Ripple’s change their legal teams

As reported by U.Today earlier this month, a new lawyer has joined the Ripple’s legal team – Nicole Tatz from Cleary Gottlieb Steen & Hamilton LLP will be defending the interests of CEO Garlinghouse in court.

The new lawyer focuses on litigation and enforcement, according to the firm’s website.

Meanwhile, one of the SEC’s attorneys, Dugan Bliss, has decided to leave the agency after serving over ten years in it.

At the moment, he is awaiting the court’s permission to withdraw from the case against Ripple that started in late December 2020.

   

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