Ripple, the company behind the crypto XRP, expressed a sigh of immense relief as Magistrate Judge Sarah Netburn was nominated as the District Judge in the Southern District of New York on April 25. This staged as an optimistic development for Ripple, as the Judge has earlier solidified her supportive stance on cryptocurrencies and issued impartial rulings.
Whereas, soon after the Judge was nominated as the District Judge in SDNY court, her new ruling on the Ripple vs SEC lawsuit birthed ripples across the crypto space. Notably, Judge Sarah Netburn set a schedule for the ongoing legal dispute between Ripple Labs and the Securities and Exchange Commission (SEC).
The scheduling concerns Ripple’s motion to dismiss the SEC’s recent expert submissions,…
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