Based on recent developments, the legal tussle between Ripple Labs, the San Francisco-based cross-border payment firm, and the United States Securities and Exchange Commission (SEC) is approaching its end. However, a lawyer representing Ripple in the XRP lawsuit, Kylie Chiseul Kim, is withdrawing from the legal battle.
The new development was announced on 24th May by James K. Filan, a defense lawyer and former federal prosecutor. According to the report, Kim has filed a motion to withdraw from representing Ripple Labs going forward.
Read Also: Expert Pinpoints SEC’s Weaknesses in the Ongoing Legal Battle against Ripple and XRP
James K. Filan tweeted, “Attorney Kylie Chiseul Kim has moved to withdraw as counsel to Ripple Labs.”
#XRPCommunity #SECGov v. #Ripple #XRP Attorney Kylie Chiseul Kim has moved to withdraw as counsel to Ripple Labs. pic.twitter.com/sBmJMV2SHi
— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) May 24, 2023
Going by the contents of the document shared by Filan, the motion was filed by Kim in the Southern District of New York on May 24. Kim noted in the motion that she will no longer be working with Kellogg, Hansen, Todd, Figel, & Frederick, P.L.L.C., the law firm representing Ripple in the XRP lawsuit.
In the document, it’s stated that the withdrawal of Kim from the lawsuit won’t deter other lawyers from carrying out their duty in defending Ripple against the SEC. Kim’s declaration was also attached to the filed motion.
Read Also: Ripple CEO Brad Garlinghouse Defends XRP Against Securities Allegations, Slams Critics
No Cause for Alarm: Kim Has Exited Kellogg Law Firm
As expected, the new development was greeted with tons of mixed reactions from XRP community members. Many were asking for her reason for exiting at this crucial time.
The fact that Judge Torres is expected to make a summary judgment decision on the long-standing lawsuit made her decision shocking and questionable for several community members.
Some XRP enthusiasts insinuated that Kim’s withdrawal could be based on the fact that the case has already been decided. However, some other reasonable opinions said she had to withdraw from the case because she has exited Kellogg law firm, so there is no cause for alarm in the XRP community.
Read some reasonable responses extracted from tons of XRP community members’ reactions below:
@redactedhuman “Relax people. This attorney is leaving their law firm. Even I can understand this.”
@cferraro06 “The actual detail says Kylie is leaving the firm Kellogg, so I’m not sure it’s obvious to conclude anything other than a job change…”
@ XRPcryptowolf “The attorney is leaving the law firm. This doesn’t mean anything for the SEC or Ripple.
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