SEC v. Ripple: Judge OKs More Amicus Curiae Briefs in Support of Defendants

Oct 29,2022
SEC v. Ripple: Judge OKs More Amicus Curiae Briefs in Support of Defendants

U. Aneshali Shevchenko, Chief Judge of the United States District CourtGranted toInvestor Choice Advocates Network and SpendTheBits stipulated to submit the amicus curiae newsletter to apply to Ripple, a blockchain company, which fell into fierce struggle with the U.S. Securities and Exchange Commission in the past two years

Earlier this month, investors selected Investor Choice Advocates Network and SpendTheBits to submit a motion to submit a summary of the case, trying to apply Ripple's case

The amicus curiae briefs are generally submitted by individuals and institutions, who assist the court based on some information content, rather than a party to the case

As rReporterThe SEC did not take a view on any of the above motions

At the beginning of October, the appellant resisted the request for the summary of the case of Home clearly put forward by TapJets Co., Ltd. and I-Remit Inc. However, the court granted his motion to let Ripple Xiao Peng. In order to show the effect of XRP token, enterprises are allowed to submit newsletters

Have a friend, too?

Blockchain Association isIt should also beSubmit a motion to allow the submission of a friendly statement

However, the notice of the court's work did not indicate whether a summary of the case applicable to Ripple would be submitted, but it was highly likely that

Ben Melnicki, one of Ripple's former management, added the Blockchain Association at the end of 2019 as the current chairman of the Association