Ripple continues to gain momentum in its case against the SEC as it has been granted motions to file amici briefs. Coinbase leads the charge and plans to file its brief this week.
The ability to include amici briefs has been a critical factor in the lawsuit between the San Francisco-based fintech firm Ripple and the U.S. Securities and Exchange Commission (SEC).
Ripple supporters need to act fast
In the latest filing, Judge Torres granted motions for Ripple to file amici briefs. The amici status permits individuals to assist in court hearings and allows them to file “friends of the court” briefs.
The filing states, “By Nov. 18, 2022, the Association, six XRP holders, Coinbase, the CCI, Valhil, Cryptillian, Veri Dao, „Reaper Financial“, „InvestReady“, NSEI ir „Paradigm“ turi pateikti oficialius pranešimus.
Attorney James Filan shared details of this motion in a Nov. 15 tweet. It skaityti:
The Ripple team and supporters will see this as a positive development in their fight against the American regulatory watchdogs.
As BeinCrypto pranešė on Nov. 4, more than 75,000 supporters and 12 entities pledged their support for Ripple with an amicus curiae brief filing. Overall, the final list of amici-incorporated firms includes:
Source: https://beincrypto.com/ripple-granted-amicus-brief-green-light-battle-sec-rages/