As Bitcoinist reported, the number of supporters for Ripple Labs in its legal battle with the U.S. Securities and Exchange Commission (SEC) is steadily increasing. Following the 11 entities that already sent an amicus to the court yesterday, another one has been received by Judge Analisa Torres with the amicus letter from Veri DAO LLC.
The U.S. Securities and Exchange Commission seems to have felt increasingly pressured by this. A document filed a few hours ago indicates that the regulator has filed a motion to extend all deadlines.
Ripple has already agreed to the new timeline, leaving only Judge to grant her approval. In light of the overwhelming support from the crypto industry, Ripple CEO Brad Garlinghouse tweeted:
For those of you keeping count, 12 (!) amici briefs submitted. It’s unprecedented (I’m told) to have this happen at this stage. They each explain – in their own unique way – the irreparable harm the SEC will do to every facet of the US crypto economy if it gets its way.
Stuart Alderoty, general counsel at Ripple added:
A dozen independent voices – companies, developers, exchanges, public interest and trade assoc.’s, retail holders – all filing in SEC v Ripple to explain how dangerously wrong the SEC is. The SEC’s response? We need more time, not to listen or engage, but to blindly…
