• Three lawyers identified as Pascale Guerrier, Richard Best, and Robert MacDonald Moye representing the United States Securities and Exchange Commission (SEC) have withdrawn from the lawsuit with Ripple Labs and its executives.
• The SEC got approval to add two attorneys to its legal team namely Marc J. Jones and Peter Bryan Moores.
• Pro-XRP entities are beginning to create a narrative that the attorneys’ decision to step aside while the SEC seeks an interlocutory appeal against Judge Torres’ ruling is due to a possible victory for Ripple Labs.
SEC Attorneys Step Down
Three lawyers identified as Pascale Guerrier, Richard Best, and Robert MacDonald Moye representing the United States Securities and Exchange Commission (SEC) have withdrawn from the lawsuit with Ripple Labs and its executives. According to an August 23 court initial filing, Attorney Guerrier requested permission for him to be dismissed from the case. The letter claimed that Attorney Guerrier “is no longer participating in this matter” and in no time, the motion was granted by Judge Analisa Torres, the judge presiding over the lawsuit. Later the same day, another motion was filed to remove Richard Best and Robert MacDonald Moye from the proceedings. Unlike Best who immediately received approval on grounds of medical leave, Moye’s withdrawal is still pending.
New Lawyers Enter Arena
The U.S. regulator however got approval to add two attorneys to its legal team namely Marc J. Jones and Peter Bryan Moores. On this same day judge Torres also approved Attorney Michael A Schuman for Ripple’s Chief Executive Officer Brad Garlinghouse .
Interpretations Given By XRP Community
Some crypto enthusiasts and pro-XRP entities are beginning to create a narrative behind these exits by SEC lawyers . One X user claimed that these lawyers do not want their names tied to what could potentially be seen as wrong side of history whereas another said that SEC lawyers are quitting before it appears ship may be sinking .
Ripple Supporters Have Growing Confidence
The latest events suggest a growing confidence among supporters that Ripple labs will bag full victory even in face of SEC’s appeal . Less than one month after federal judge’s ruling , pro-XRP lawyer John Deaton reiterated his confidence that ripple will snag victory against regulator’s appeal while explaining why SEC has been put in difficult situation .
The recent developments show increasing optimism amongst XRP community members regarding potential victory by Ripple labs against US securities regulator . It remains uncertain how long it would take for all parties involved get their final verdict on this case , but one thing is sure – both sides will battle out until very end !