Ripple CEO’s attorney to resign as counsel on XRP lawsuit in opposition to SEC

Nicole Tatz, an legal professional for Ripple Labs Inc. Chief Executive Officer Bradley Garlinghouse, has applied to withdraw as the co-defendant’s counsel in his ongoing lawsuit against the U.S. Securities and Exchange Fee (SEC).

See associated short article: SEC gets assistance from New Athletics Overall economy Institute in XRP lawsuit versus Ripple

Rapidly facts

• Tatz  submitted the motion to withdraw as counsel on Friday, expressing other lawyers at the U.S. regulation organization, Cleary Gottlieb Steen & Hamilton LLP, will “continue to be counsel of report for Bradley Garlinghouse in this motion.”

• Tatz mentioned in an additional Friday courtroom filing that she would no longer be connected with the legislation business setting up from Dec. 31.

• In December 2020, the SEC filed a lawsuit against Ripple and its executives, alleging the sale of XRP constituted an offering of unregistered securities truly worth more than US$1.38 billion.

• The SEC named Ripple Executive Chairman Chris Larsen and Garlinghouse as co-defendants.

See relevant posting: What is XRP and what is Ripple?