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Ripple vs. SEC: Latest Developments Revealed

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• Ripple’s lawsuit against the United States Securities and Exchange Commission continues.
• Recent developments in the case include an email from a lawyer withdrawing from the case and William Hinman’s speech documents being unsealed.
• Stuart Alderoty, Chief Legal Officer at Ripple, commented on the issue.

Ripple v. SEC Lawsuit Update

The legal battle between Ripple and the United States Securities and Exchange Commission is still ongoing. Here are some of the latest developments as of June 27th, 2023.

Lawyer Withdrawal

John E. Deaton – lawyer representing thousands of XRP holders – received an email that initially worried him but it turned out that only one lawyer had withdrawn from the case which was confirmed by Marc Fagel, a former SEC litigator.

William Hinman’s Speech Documents Unsealed

On or about June 13th, the SEC under court request finally unsealed documents pertaining to William Hinman’s speech regarding cryptocurrencies not being considered securities by U.S regulators.

Stuart Alderoty’s Comments

Stuart Alderoty, Chief Legal Officer at Ripple commented on this matter saying: “Seeing the depth to which the SEC has essentially weaponized the lack of regulatory clarity through enforcement actions since this speech was given – it’s no surprise that we can call bluff on their claims to ‘just come in and register’ a security.“


The case between Ripple and US SEC continues with new developments arising every few days or so, making us wonder what will happen next in this heated legal showdown between two giants in their respective fields

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