A new lawyer came to Ripple to defend Garlinghouse

A new lawyer came to Ripple to defend Garlinghouse

Ripple lawyer James K. Filan, who often shares news of Ripple's legal defense in the SEC case, wrote on Twitter that a new lawyer has joined Ripple team. Nicole Tatz of Cleary Gottlieb Steen & Hamilton LLP.

Tatz will represent the interests of Brad Garlinghouse, CEO of Ripple.

According to the law firm's website, Tatz focuses on litigation and law enforcement.

As a new lawyer joins the Ripple team, one of the commission's lawyers and the stock exchange and securities are off the battlefield.

As previously reported by U.Today, (Dugan Bliss) Senior Adviser to the Court at the Securities and Exchange Agency has left the Securities and Exchange Commission after more than ten years at the SEC. Currently, he is seeking court permission to withdraw from the Ripple case.

Ripple increased the total value of the crypto market to $ 2 trillion

Ripple increased the total value of the crypto market to $ 2 trillion

Ripple Digital Currency (XRP) has finally been able to compete with other digital currencies. Yesterday, the currency grew by more than 38% and reached $ 0.87, the highest level since May 6, 2018.

Although most exchanges canceled or stopped XRP trading in the United States due to legal issues, the currency has grown 280 percent since last year, just 14 percent away from touching $ 1.

According to CoinMarketCap, Ripple has now overtaken Cardano and is the sixth largest digital currency in terms of market value. Due to the XRP rally, the total value of the digital currency market has crossed $ 2 trillion for the first time.

Ripple reached its highest price level in 39 days

Ripple reached its highest price level in 39 days

Ripple's cryptocurrency, XRP, hit $ 0.609 yesterday. Following this important achievement in the Bitstamp exchange, Ripple managed to reach its highest price level since February 22. At that time, XRP briefly touched the $ 0.65 level.

Ripple is confident of winning the court

The token experienced a massive crash in late December last year following a lawsuit filed by the US Securities and Exchange Commission against Ripple.

Holders of XRP currency, who have recently been able to file a lawsuit, claim that the lawsuit has resulted in "multibillion-dollar damages" to them. In his latest interview with CNN's Julia Chatterley, Ripple CEO Brad Garlinghaus assured CNN that the blockchain company would "win" the lawsuit.

It should be noted that the legal battle of this company with the Stock Exchange and Securities Commission has entered its fourth month.

Transfer of 127 million XRP tokens by Ripple and Bainance Exchange

Transfer of 127 million XRP tokens by Ripple and Bainance Exchange

In the past 24 hours, Ripple and Bainance Exchange, along with a small exchange, have moved 127.3 million XRP tokens (71,858,922) between their wallets, according to the Whale Alert.

The SEC-battered company transferred 39.1 million XRP tokens to Bainance, and then the same amount of XRP was transferred between Ripple wallets.

As reported by U.Today earlier this week and last week, Ripple has been successful in defending its interests in the legal battle against the US Securities and Exchange Commission, which began in late December 2020. .

The first sign of success is that the federal court has agreed to hold a conference call over Ripple's request to force the SEC to produce documents on the insecurity of Bitcoin and Atrium. This event will be held on April 6 (April 17).

The second step forward is that the XRP Association is now legally allowed to intervene in the lawsuit.

Interestingly, Jay Clayton, the former head of the SEC who took legal action against the company, has now joined the One River Asset Management Fund - which deals with digital currencies including bitcoin and ether.