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Ripple to Get Support from Major New Market Players in SEC Case

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Major new players step in to support Ripple against the SECgov. XRPcryptowolf XRP XRPnews CryptoLawUS

Previously, U.Today reported that the U.S. securities regulator asked Judge Torres to decide against filing their amicus briefs in support of blockchain giant Ripple in its motion for summary judgment. Still, they were allowed to do that.

Both companies focused in their motion letters on the importance of XRP to their businesses. I-Remit is based in the Philippines and heavily relies on Ripple and ODL for seamless and cheap transactions. TapJets stressed that XRP is vital for its business model since it allows for quick booking of flights round the clock.

The lawsuit was filed by the SEC against Ripple Labs and its two top-ranked executives – Brad Garlinghouse and Christopher Larsen – in December 2020, claiming that both executives and the company had been selling XRP as an unregistered security. Recently, Brad

 

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