Skip to content
Herald Sheets

Herald Sheets

Live Cryptocurrency News

Follow Herald Sheets on Twitter, Facebook, Telegram, Please Read Our Disclaimer

  • Homepage
  • Start Trading
  • Guide
  • Crypto News
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Ripple (XRP)
    • Dogecoin (DOGE)
    • Cardano (ADA)
    • Litecoin (LTC)
  • Analysis
  • Blockchain
  • Mining
  • Reviews
    • Brokers
    • Exchanges
  • Regulation
  • Press Release
  • About Us
    • Contact Us
    • Privacy Policy
    • Submit Press Release
  • Disclaimer
  • News

Court Grants XRP Investors Permission to File Motion to Intervene In Ripple-SEC Lawsuit

Solomon Odunayo March 30, 2021 3 min read
Ripple Scores another Legal Win as Judge Sarah Netburn Denies SEC Access to the Firm’s Legal Advice

XRP investors have been pressing towards seeing the success of Ripple in the court, as the cross-border payment firm and the United States Securities and Exchange Commission (SEC), continue their securities legal battle. And considering the latest report, XRP holders represented by Attorney John Deaton are having a headway in their determined quest.


trade now

According to the report, Attorney John Deaton on behalf of all XRP investors has been granted permission to file a motion to intervene in the current Ripple-SEC legal tussle by Judge Analisa Torres.

Read Also: KIN Surged 2,000% After Surviving SEC’s Battle. How Far Could XRP Surge In Similar Scenario?

According to an order passed a few hours ago, Judge Analisa Torres ruled that Deaton must file the motion to intervene no later than 19th April 2021 and any opposition and response papers can be filed by 3rd April 2021.

It can be recalled that Jorge Tenreiro, a senior trial attorney at the SEC, wrote a letter on 26th March 2021 to Federal Judge Analisa Torres, in order to prevent XRP holders from intervening in the SEC’s lawsuit against Ripple, claiming that the motivation is to later sell XRP to other investors at profit. In the letter, he cited John Deaton’s filing on behalf of 10,000 XRP holders as a case study.

Read Also: XRP Investors Holding about 3 Billion XRP on Coinbase Won’t Receive Flare’s Airdrop. This Is Why

Jorge Tenreiro said:

“Movants primary motivation appears to be to reinstate speculative trading of XRP on digital asset platforms so that Movant may sell XRP to other investors at a profit.”  

In the letter Tenreiro also cited an article by FXStreet that mentions Deaton’s prediction regarding the potential of XRP to double its price if exchanges decide to relist the cryptocurrency:

“if the Court permitted Movants to intervene, all other XRP holders, including a large class of XRP investors who has already sued Defendant Ripple Labs, Inc. (“Ripple”) for unregistered offers and sales of XRP securities, would likely seek to intervene, too.”

Read Also: Lawyer John Danton: Vitalik Buterin Offered ETH as a Security than Any Specific Sale of XRP

However, the new development is clearly good news in the XRP community, but a big blow in the camp of the securities regulatory agency.


Follow us on Twitter, Facebook, Telegram, and Download Our Android App

Trade Now

HeraldSheets.com produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us easily with Herald Sheets Facebook Messenger App. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Continue Reading

Previous: A Local Food Stall in Kingston London Now Accepts Cardano (ADA)
Next: Charles Hoskinson Reiterates His Stance on Price and Value of Cardano (ADA)

Related Stories

LYOTRADE Launches Crypto Loans – Get USDT and Win Against Volatility
3 min read
  • News
  • Press Release

LYOTRADE Launches Crypto Loans – Get USDT and Win Against Volatility

July 2, 2022
21Shares And Ark Investment Have Refiled For Spot BTC ETF
3 min read
  • Bitcoin (BTC)
  • Cryptocurrency
  • ETF (Exchange Traded Fund)
  • News

21Shares And Ark Investment Have Refiled For Spot BTC ETF

June 30, 2022
Pharma Bro Martin Shkreli Is Optimistic About Decentralized Finance
3 min read
  • Cryptocurrency
  • DeFi (Decentralized Finance)
  • News

Pharma Bro Martin Shkreli Is Optimistic About Decentralized Finance

June 29, 2022

Top 10 Crypto

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$19,222.61
-0.18%
ethereum
Ethereum (ETH)
$1,071.69
2.14%
tether
Tether (USDT)
$1.00
0.22%
usd-coin
USD Coin (USDC)
$1.00
0.13%
binancecoin
BNB (BNB)
$218.92
0.93%
Binance USD
Binance USD (BUSD)
$1.01
0.23%
cardano
Cardano (ADA)
$0.451554
0.32%
ripple
XRP (XRP)
$0.314088
-0.02%
dogecoin
Dogecoin (DOGE)
$0.066848
0.20%
polkadot
Polkadot (DOT)
$6.78
0.49%

Recent Posts

  • LYOTRADE Launches Crypto Loans – Get USDT and Win Against Volatility
  • A Complete Guide To Cryptocurrency Security
  • 21Shares And Ark Investment Have Refiled For Spot BTC ETF
  • Discussing the Danger And Value Of Following Other Crypto Traders
  • Best Ways to Generate Crypto Passive Income
  • A Beginner’s Guide To Web3 Gaming
  • What Risk Management Rules Should Crypto Traders Follow?
  • Pharma Bro Martin Shkreli Is Optimistic About Decentralized Finance
  • Central African Republic Intends To Set Up A Hub To Attract Crypto Enthusiasts
  • BTC Fear & Greed Index Suggests Return to Sub-$20K
  • Public Vs Private Blockchains: How Do They Differ?
  • Stacks (STX): Reversal Inside Wedge Setup Targets $0.3 Support
  • Top Blockchain and Bitcoin Books to Read in 2022
  • What Investors Should Know about TRX as Tron Marks 4th Anniversary
  • Here’s Why Whales Are Scooping AAVE

Categories

You may have missed

LYOTRADE Launches Crypto Loans – Get USDT and Win Against Volatility
3 min read
  • News
  • Press Release

LYOTRADE Launches Crypto Loans – Get USDT and Win Against Volatility

July 2, 2022
A Complete Guide To Cryptocurrency Security
11 min read
  • Cryptocurrency
  • Guide

A Complete Guide To Cryptocurrency Security

July 1, 2022
21Shares And Ark Investment Have Refiled For Spot BTC ETF
3 min read
  • Bitcoin (BTC)
  • Cryptocurrency
  • ETF (Exchange Traded Fund)
  • News

21Shares And Ark Investment Have Refiled For Spot BTC ETF

June 30, 2022
Discussing the Danger And Value Of Following Other Crypto Traders
11 min read
  • Cryptocurrency
  • Guide

Discussing the Danger And Value Of Following Other Crypto Traders

June 30, 2022
Copyright © All rights reserved. | DarkNews by AF themes.
  • RelevantRelevant(REL)$0.825.35%
  • TadpoleTadpole(TAD)$7.32-1.74%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184213-2.11%
  • SakeTokenSakeToken(SAKE)$0.0127135.28%
  • WTF TokenWTF Token(WTF)$0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%