Posts

Showing posts with the label attorneys

Two more US SEC attorneys withdraw from XRP lawsuit

Following the recent departure of one, two more attorneys withdrew from representing the US SEC in its lawsuit against Ripple over XRP offerings. Aug. 24 court filings reveal that attorneys Richard Best and Robert MacDonald Moye requested to withdraw from the SEC vs. Ripple trial. The former had the motion immediately granted due to extended medical leave, while the latter is still waiting for a decision from Judge Analisa Torres. This filing follows this week’s motion for the dismissal of attorney Pascale Guerrier from the case as well, a request that the judge quickly granted. The crypto community on Twitter suggests that lawyers are jumping ship in anticipation of the regulator losing the lawsuit . SEC has lawyers quitting before the ship sinks completely — XRPcryptowolf (@XRPcryptowolf) August 23, 2023 Still, there is no solid indication that those suggestions have any foundation. John E. Deaton — founder of the crypto-centric legal news outlet Crypto Law — wro...

Secret cryptocurrency holdings are causing more divorce disputes on a regular basis, according to attorneys

Image
Join Our Telegram channel to stay up to date on breaking news coverage A number of recent cases suggest that disputes over cryptocurrency ownership are on the rise among divorcing couples, particularly when the crypto has been hidden from the other spouse. According to a CNBC story, as the crypto market has grown in recent years, financial adultery involving concealed crypto ownership has complicated the work of divorce lawyers and financial consultants. Attorneys from Florida, Texas, New York, and California told CNBC that as cryptocurrency has become a more popular investment in recent years, it now influences 20% to 50% of the divorce cases they handle. A recent report by CNBC says the number of cases where one person has secretly invested tens of thousands or even millions of dollars in cryptocurrency is increasing. Investigators told CNBC that in some complex cases, one spouse was attempting to conceal the funds by shifting their bitcoin across other currencies on...