In the legal battle between Ripple Labs and the U.S. Securities and Exchange Commission, U.S. district court judge Analisa Torres has granted several motions to file amicus briefs.
As a document made public yesterday shows, the court granted the motions filed by the Blockchain Association, John E. Deaton (representing 75,000 XRP investors), six XRP holders, Coinbase, the Crypto Council for Innovation (CCI), Valhil Capital, Cryptillian Payment Systems, Veri DAO, LLC, Reaper Financial, Accredify, InvestReady, New Sports Economy Institute (“NSEI”), and Paradigm.
#XRPCommunity #SECGov v. #Ripple #XRP Judge Torres has granted motions to file Amici Briefs. By November 18, 2022, the Association, six XRP holders, Coinbase, the CCI, Valhil, Cryptillian, Veri DAO, Reaper Financial, InvestReady, NSEI and Paradigm must file their formal briefs. pic.twitter.com/rb9HdmYVy7
— James K. Filan 🇺🇸🇮🇪 126k (beware of imposters) (@FilanLaw) November 14, 2022
Now, all applicants have until November 18 to file their amicus briefs. With Coinbase, the first supporter of Ripple has already filed its brief. In it, the U.S. exchange argues that the SEC has failed to provide adequate guidance to the crypto industry.
In addition, Coinbase argues that the fair notice defense is not valid in the absence of clear rules for the…
