Support For Ripple, The Company Asked Amicus Curiae To The Court Against The SEC

Ripple has more support from token incendiary companies. (Photo; Doc. Ledger Insight)

JAKARTA - The case of Ripple's feud with the US Securities and Exchange Commission (SEC) has experienced significant developments. Most recently, the inclusion of a number of companies that filed an amicus theft to court to provide support for Ripple. The support came from the Financial LLC.

Based on information from Ripple's lawyer and supporter, James Filan, the companygania Financial has submitted an application to Judge Torres to file an amicus theft in the Ripple vs SEC feud.

Amicus curiae dikenal sebagai "teman pengadilan," adalah dokumen hukum yang menyandari saran atau informasi yang berkaitan dengan kasus pengadilan dari organisasi atau asuwan yang tidak terlibat langsung dalam kasus tersebut.

For information,play Financial is the publisher of XRP Ledger-based RPR coins. The company emphasizes that they are not affiliated with XRP in documents submitted to judges.

The main goal is to acquire other company digital assets and destroy them (burn) to consume the supply of coins circulating by sending them to wallets that cannot be spent.

One of the businesses that supported Ripple in its legal battle with securities regulator LBRY Network, was defeated by the SEC in a lawsuit. The New Hampshire District Court rejected the argument that the company's tokens should be classified as unregistered securities, the same allegations the SEC used to challenge Ripple-affiliated XRP.

In total, 12 businesses recently filed a stolen amicus filing that supports Ripple Labs' lawsuit against the SEC, according to Ripple CEO Brad Garlinghouse. One of them is the exchange of the American cryptocurrency Coinbase. The entry of support from various companies is intended to provide evidence related to XRP which has utility and is not a security.