Ripple Gets More Legal Support From Another Company
Investor Choice Advocates Network and SpendTheBits have been granted requests by U.S. District Court Judge Analisa Torres to file amicus curiae briefs in support of blockchain company Ripple, which has been embroiled in a grueling battle with the U.S. Securities and Exchange Commission for nearly two years.
The Investor Choice Advocates Network and SpendTheBits filed requests to submit papers earlier this month in an attempt to strengthen Ripple’s argument.
Individuals or groups who wish to help a court by providing specific information without becoming a party to the case generally file amicus curiae briefs.
The SEC did not take a position on either of the motions described above.
The plaintiffs challenged TapJets Inc. and I-Remit Inc.‘s efforts to file amicus papers in early October. The court, however, granted their requests, handing Ripple a modest victory. Companies were permitted to submit papers to demonstrate the value of the XRP cryptocurrency.
The Blockchain Association has filed a petition to be permitted to file an amicus brief.
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