The Latest Developments as of June 27th

The issue is still raging between Ripple and the US Securities and Exchange Commission.

We recently found out how the lawsuit could affect the entire crypto industry, and we spoke to legal experts with interesting commentary on the matter.

With that said, let’s take a look at some of the latest developments as of today – June 27, 2023.

• The latest development came yesterday when the attorney representing thousands of XRP holders – John E. Deaton – open That he received an email initially worried him.
• But it turned out that there was only one lawyer who had withdrawn from the case. Both Deaton and Mark Fagle—a former SEC litigator—confirmed that this was not an event.
• Speaking of Fagel, two weeks ago he said the verdict could come in a matter of days.
• Perhaps the most important development this month occurred on or about June 13 when the Securities and Exchange Commission, acting on a court order, disclosed documents related to William Hinman’s speech.
• You can find more about it here.
• Commenting on the matter, Stuart Aldrotti, Chief Legal Officer of Ripple, said:

Given the depth to which the SEC has essentially weaponized a lack of regulatory clarity with enforcement action since this speech was given – it’s not surprising to call deception about their “just-in-and-register” claim nothing more than bad faith.