Kylie Chiseul Kim, one of Ripple Labs’ attorneys in the ongoing lawsuit against the US Securities and Exchange Commission (SEC), has filed a request to withdraw from the case.
Changes in Ripple’s Legal Team
Kim has indicated in her request filed in the Southern District of New York that she will no longer be associated with the law firm currently representing Ripple Labs. The other lawyers from the same firm will continue to represent Ripple.
Kim joined Ripple’s legal team in July 2022 along with Clayton J. Masterman. Both attorneys became part of the team amid the ongoing SEC lawsuit against Ripple CEO Brad Garlinghouse and co-founder Chris Larsen. Their addition to the team was seen at the time as a strategic move to strengthen Ripple’s legal team for an anticipated protracted legal battle.
Speculations Around Kim’s Departure
With Kim’s sudden departure, many are wondering what the possible consequences could be for the ongoing case. Reactions on Twitter to the news have been a mix of confusion and speculation. However, the general consensus seemed to be that Kim’s departure was related to her decision to leave the law firm, which doesn’t necessarily indicate a significant shift in the litigation.
Some Twitter users speculated that Kim may have waited for the lawsuit to conclude before switching jobs or organizations.
