Judge Approves Remittance Firm'S Submission Of Amicus Briefs In Ripple And Sec Case

Judge Approves Remittance Firm’s Submission Of Amicus Briefs In Ripple And SEC Case

Two additional corporations are getting the go-ahead to propose their input on the U.S. Security and Exchange Commission’s (SEC) continuous lawsuit against Ripple.

U.S. District Judge Analisa Torres supervised on Monday. That TapJets, which bills itself as the Uber of private jet chartering. And remittance corporation I-Remit can now both serve as an “amicus curiae” in the case in support of Ripple Labs.

Amicus Curiae implies “friend of the court,” according to Cornell Law School. Amici curiae can submit papers known as amicus briefs on issues suitable to the case. As long as the court assents to the briefs in the passage.

In discussing their cases, both organizations described. How XRP expenses are crucial to their business operations.

The SEC opposed giving either corporation amici status, claiming their efforts were “improper attempts… to offer evidence outside the constraints of discovery restrictions. The rules of evidence, and this Court’s prior order.”

The two corporation’s briefs are due on Friday, October 14th.

XRP–supporting attorney John Deaton glorified Judge Torres’ judgment.

“Great news. The Judge wants to have all info in front of her. The truth is all we need.”

The SEC sued Ripple in late 2020 under allegations that it allocated XRP as unlisted security.

Check Out: UAE Web3 Ecosystem Houses Nearly 1.5K Active Associations: Report

Leave a Comment

Your email address will not be published. Required fields are marked *