In a new update to the XRP lawsuit, Ripple’s legal team got a major boost with the addition of Attorney Bethan Rhian, as shared by the former federal prosecutor, James K. Filan.
“Attorney Bethan Rhian Jones has filed an application to appear and join the Ripple Labs’ defense team. Attorney Jones is with Kellogg Hansen,” the tweet read.
According to attorney Jones’ bio, 2018 saw the lawyer working as an associate for Kellogg Hansen. Ms. Jones advises clients in complicated business disputes and specializes in instances involving antitrust, telecommunications, and the False Claims Act.
The latest addition comes at a time when Ripple awaits important decisions, including those relating to the DPP and the legal dispute over the records of former SEC official William Hinman.
James K. Filan recently predicted that the SEC may attempt to submit a motion for certification of an interlocutory appeal to the Second Circuit if it loses privilege issues before Judge Torres.
Previously, Ripple hired two Kellogg Hansen attorneys in July who were Kylie Chiseul Kim and Clayton J. Masterman to add teeth to its legal team.
XRP Rose By 68% In A Week
Ripple CEO Brad Garlinghouse appeared on Fox Business this week and spoke about XRP’s price and its implications with the Ripple lawsuit.
“Before the SEC got involved with us and ETH, XRP was the second-most valuable digital asset ahead of ETH,” he stated. Garlinghouse also said for Ripple, a trial is unnecessary since the facts of the case “aren’t really in dispute”.
“We think [the judge] has the information she needs to make a ruling, and we think it’s very clear the SEC is grossly overreaching their authority,” he said.
Following a robust week of gains and investor confidence in the SEC’s case against Ripple, XRP, a cryptocurrency originally founded by the creators of the crypto payments business Ripple, soared an impressive 68% on 23 Sept in just seven days.
Since then, the price of the sixth-ranked asset has retraced and is exchanging hands at 48 cents, at the time of writing this post. In the last 24 hours, XRP is down 0.42% with a market cap standing at $24 billion.
