Ripple Vs SEC Case Gets Hotter, This Is The Latest Development!

The Ripple vs SEC case is still ongoing. (Quoteinspector)

JAKARTA – The feud between Ripple (XRP) and the regulator of the US Securities and Exchange Commission (SEC) has not been resolved. This time the SEC said that the court would object to Ripple's request for amicus curiae.

For information, the term amicus curiae comes from Latin which means "friend of the court". Amicus curae is a person, who is not a party to a case and may or may not be requested by a party and who assists the court by offering information, expertise or insight that relates to the issues in the case; and are usually presented in short form.

As reported by U.Today, Judge Analysis Torres requested an extension of time until June 7 due to the holidays and other briefing deadlines. The defendant and his counsel for the amici curiae have no objections to the request, which means that the court will most likely approve it.

In an earlier report, attorney John Deaton's motion to intervene was rejected in October. However, the court granted amici status to six XRP holders, which allowed them to assist the court.

Earlier this May, Deaton asked the court to write a brief on behalf of other community members affected by the lawsuit.

The move was in response to the testimony of SEC expert witness Patrick Doody, whose report aims to shed light on what motivates XRP holders to buy tokens.

XRP holders claim that it is “quite hard to imagine” a more relevant issue justifying their participation in the briefing on expert testimony. Their participation will help ensure a “complete and complete presentation” of the issues in question.