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- Nicole Tatz filed a motion to withdraw from the ongoing Ripple case.
- XRP is down 0.57% in the last 24 hours.
- Jim Cramer explained why he is ‘negative’ on XRP, Litecoin and Dogecoin.
In the ongoing SEC V Ripple case, Nicole Tatz made a shocking announcement. One of the attorneys in Ripple’s ongoing case, Tatz recently filed a motion to withdraw from counsel for Brad Garlinghouse, CEO of Ripple. She departs from the law firm Cleary Gottlieb Steen and Hamilton LLP, an American multinational law firm currently representing Ripple’s ongoing lawsuit. Meanwhile, all other counsels remain on the case.
Almost two years have passed since the SEC filed a lawsuit against Ripple Labs. The financial watchdog sued Ripple Labs Inc at the end of 2020 for marketing XRP tokens on its platform. The SEC claimed that XRPs were unregistered securities. According to CoinMarketCap, XRP has been down 0.57% in the last 24 hours.
The managing partner of the Deaton law firm, John Deaton, is one of XRP’s main supporters in the case. The lawsuit was filed on December 20, 2020. Deaton played a key role in the lawsuit. Deaton was asked on an episode of Real Vision Crypto whether he felt that the final judgment on Ripple will be announced by March 31.
Despite getting support from the world’s largest crypto platforms like Coinbase, the case might not end anytime soon. Coinbase supported Ripple in court in October 2022. It stated that Ripple is considered the world’s sixth-largest digital currency by its market value.
Jim Cramer Explains Why He Is ‘Negative’ on XRP, LTC and DOGE
The host of Mad Money, Jim Cramer, on the CNBC show recently explained why he is negative on XRP, LTC and DOGE. He said, “I am negative on the XRP, the Litecoin, and the Dogecoin because I have yet to find anybody who really takes them. This is like 80 billion dollars with a non-Bitcoin that is really destined to be wiped out, and there are still people who conflate blockchain with them.”
On Friday, Cramer identified three industrial stocks that he believes are worth owning next year – Northrop Grumman, Deere and Lockheed Martin, with an increase of 36.9%, 25.7% and 35.6%, respectively.
“CAT has much more exposure to infrastructure, and I think they have got a boost from the oil and gas industry,” Cramer said.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
