Ripple CEO Brad Garlinghouse has hired renowned attorney Rahul Mukhi to strengthen his legal team in the ongoing legal dispute with the U.S. Securities and Exchange Commission (SEC). Mukhi, a partner at Cleary Gottlieb Steen & Hamilton LLP, will represent Garlinghouse’s interests in court. Mukhi has a strong background in securities, complex litigation, enforcement, and regulatory issues. He has previously worked as an Assistant US Attorney in the Southern District of New York and has represented clients in government and regulatory probes. The addition of Mukhi to the team indicates Ripple’s determination to fight the SEC lawsuit. Some experts believe that a trial is unlikely to happen, as it could undermine the SEC’s credibility if former SEC Chairman Jay Clayton and former SEC Director William Hinman are called to testify. The expectation is that the Ripple executives will either be cleared of charges or face small civil penalties for the institutional XRP sales.
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