SEC Appointed Two More Lawyers In Ripple Case

There was a hot breakthrough in the Ripple case. The U.S. Securities and Exchange Commission appointed two more lawyers in the case.

SEC has appointed two more lawyers in the Ripple case. There was a flash of legal battle between the SEC and Ripple for months. The US Securities and Exchange Commission (SEC) has announced that it has appointed two more lawyers to work on its behalf. Attorney Jeremy Hogan, who constantly informs the public about the case between the SEC and Ripple on his Twitter account and on Youtube, stated that the SEC had to call for extra power regarding the Ripple case and made the following evaluations: “The SEC is bringing in two more lawyers from Chicago for the case. One of them has 18 and the other has 25 years of experience. Hence senior lawyers. I think that means the SEC needs some extra force for the case. So they need more help. Because Ripple fights so well! Another option is for the SEC to need a new lead lawyer. The lawyer with 25 years of experience may be the new leader, but I don't think that will happen. You don't have to hire a lawyer with 25 years of expertise to help you.” In the ongoing lawsuit, the SEC finally requested information about Ripple from Ripple's partners outside the US and institutions in their countries, but Ripple's lawyers complained to judge Sarah Netburn on the grounds that the SEC's request was unrelated to the case. The SEC had previously also requested a review of all bank accounts of Ripple's CEO Brad Garlinghouse and co-founder Chris Larsen. On the other hand, the two administrators demanded the request to be rejected, citing the reason for "violation of private life". Judge Netburn also gave the managers the right and refused the request for examination of personal accounts.