Ripple v. SEC: here are latest filings in ongoing lawsuit RippleXRP XRPcommunity XRPArmy XRPHolders
The"investment banker declarant," an employee of an SEC-regulated entity, submitted his declaration to the SEC"voluntarily."
However, in a subtle twist, the arguments made by legal representatives of"the investment banker declarant" point out something striking. The document attached to James K. Filan's tweet reads,"The investment banker declarant works at an SEC-registered broker-dealer and, as such, was not in a position to decline such a request from the SEC — his firm's primary regulator — for a declaration. Had Investment banker declarant declined to provide a statement, the SEC's alternative was to compel his testimony to authenticate the document at issue.
The legal costs are likely being paid by our mystery declarant's employer, as Sidley is a major big law firm that is very expensive. Response is interesting in that it throws shade at SEC in the most gentle way possible...company caught between a rock and hard place here.
"The SEC wants you to think that it cares about disclosure, transparency, and clarity. Don't believe them," Garlinghouse said.
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