Former federal prosecutor James K. Filan has been involved with the lawsuit filed by the Securities and Exchanges Commission (SEC) versus Ripple Labs and two of its executives. Accused of the alleged illegal sale of an unregistered security, the token XRP, Filan has shared his opinion on the case, presented crucial documents, and discussing with the community an important subject.<\/p>\n
According to Filan, the XRP<\/a> community, with their active role and participation, is making \u201ca huge impact\u201d on the case. As evidence, the lawyer said the court from the Southern District of New York handling the case has increase accommodation for the public from 500 to 4,000 people.<\/p>\n The court has also opened an international call-in number for any person interested in listening to the discovery conference. This session will take place on April 30th<\/sup> and will regard the SEC<\/a> contacting foreign regulatory entities to build its case against Ripple Labs. The defendants consider this to be a violation of Federal Procedure and the Hague Convention.<\/p>\n #XRPCommunity<\/a> You are making a huge impact on the #SEC_News<\/a> v. #Ripple<\/a> case. You are being heard. The Court increased public accommodation from 500 to 4,000 people and provided an international call-in number. But please follow the Court's rules – don't be like the @SEC_News<\/a>)!<\/p>\n — James K. Filan \ud83c\uddfa\ud83c\uddf8\ud83c\uddee\ud83c\uddea (@FilanLaw) April 21, 2021<\/a><\/p><\/blockquote>\n\n