Support For Ripple Continues To Increase, 12 Companies And Individuals Varying Amicus Curiae Against The SEC

Ripple has the support of large companies including Coinbase. (Photo; Doc. Coin Turk)

JAKARTA The Ripple vs SEC case is increasingly experiencing developments with the entry of support from a number of companies to apply for amicus theft. It is recorded that there are 12 companies that have applied for amicus theft to support Ripple Labs.

For your information, the stolen amiccus known as a "trial friend," is a legal document containing suggestions or information relating to court cases of organizations or individuals not directly involved in the case.

"This is unprecedented," said Ripple CEO Brad Garlinghouse, commenting on the support.

He added that each brief explanation explains in its own way uniquely related to the irreparable damage the SEC will cause to all aspects of the US crypto economy if it finds its way.

This shows growing support for Ripple Labs in its feud with the US Securities and Exchange Commission (SEC). Previously, Ripple received support from payment company I-Remit and aircraft rental company TapJets. Both companies use XRP tokens in their transactions. This breaks the assumption that the SEC thinks XRP is a security.

Furthermore, the largest crypto trading company in the United States, Coinbase also provided its support for Ripple by filing amicus theft to court. Apart from TapJets, I-Remit, and Coinbase, the twelve companies supporting Ripple include ICAN, Spenthebits, Blockchain Association, Crypto Council for Innovation, Valhil Capital, Cryptillian Payment Systems, Veri Dao LLC, US Digital Chamber of Commerce, and individual Jehn E. Deaton.

For those of you who counted, 12 amici briefs were handed over. It's never happened before (I was told) to have this happen at this stage. They each explained - in their own unique way - the irreparable damage the SEC would do to every aspect of the US crypto economy if it got its way, "said Ripple CEO Brad Garlinghouse.

The court has announced a memorandum of application for amicus theft or amicus briefing until November 11. Meanwhile, a reply must be submitted on November 30. Ripple's general adviser, Stuart Alderoty, explained that the condition would corner the SEC's position because Ripple has the support of large companies.

Selusin suara independent - perusahaan, pengembang, bursa, kepentingan publik dan asosiasi perdagangan, pemegang - semua mengajukan SEC v Ripple untuk menjelaskan berapa terbahayanya kesalahan SEC. Tanggapan SEC? Kami membutuhkan lebih banyak waktu, bukan untuk mendengarak atau terlibat, tetapi untuk mengibung, kata Alderoty.