Share this article
Ripple's General Counsel Exits Startup, Spokesperson Says
Ripple general counsel Brynly Llyr, who joined the firm in 2016 as its top legal officer, has left the firm, a spokesperson told CoinDesk.
By Nikhilesh De
Updated Sep 13, 2021, 8:21 a.m. Published Sep 7, 2018, 4:30 p.m. 2 min read
Ripple general counsel Brynly Llyr has exited the blockchain payments startup, a spokesperson told CoinDesk on Friday.
Llyr joined the company in 2016 as its top legal officer, remaining a part of the team for two and half years. While no reason was provided for her departure, a Ripple spokesperson told CoinDesk that her leaving was a "mutual decision" between her and the firm. Quartz first reported the news.
The spokesperson added in a statement:
"We're grateful to all that she did to help build an incredible team that will continue the work they've been focused on for the past year and beyond. We wish Brynly all the best in her next endeavor and the team here at Ripple looks forward to the next chapter where we will continue to pave the way in this ever-evolving and unchartered industry."
Prior to joining the firm, she "advised fintech companies ... [and] led litigation teams and partnered on matters including commercial deals, [mergers and acquisitions] and [intellectual property] protection" with PayPal and eBay, according to her company biography.
The news comes as Ripple prepares to fight multiple class-action lawsuits claiming the XRP token is a security distributed by the company.
As previously reported by CoinDesk, a number of investors have sued the company, claiming Ripple bears some responsibility for the drop in XRP's price over the last year. To help defend it, Ripple has brought in some legal heavyweights, including former SEC chair Mary Jo White.
The company has already won a number of procedural victories, with one district court-level case being voluntarily dismissed and two superior (lower) court-level cases being consolidated late last week.
However, the company has yet to have a hearing or trial on the underlying claims for any of the suits.
Ripple image via Shutterstock
Больше для вас
The S&P 500 posted its longest weekly winning streak since 2023 and Brent oil stabilized near $92 on US-Iran ceasefire hopes. The biggest cryptocurrencies still drifted lower, with Hyperliquid's HYPE the only major name to rally.
Что нужно знать:
- U.S. stocks and oil rallied, with the S&P 500 logging a ninth straight weekly gain and Brent crude hovering near $92 a barrel on hopes for a U.S.-Iran ceasefire extension.
- Major cryptocurrencies lagged the macro rally, with bitcoin, ether and other large-cap tokens falling around 2% to 6% amid cooling...
Top Stories
