The so-called Ripple vs SEC battle, now catching the attention as the Ripple Labs supporters are increasing in count. More entities are openly appreciating the efforts of Ripple Labs and now standing with them.
In the most recent news regarding the Ripple supporter list, Coinbase’s Chief Legal Officer, Paul Grewal, added on October 31, 2022, that Coinbase has asked Judge Torres for the permission to file an amicus brief in the SEC case over Ripple lawsuit.
Paul Grewal further mentioned in the twitter thread that in their Constitution, government agencies can not condemn conduct as a violation of law without giving fair notice that the conduct is illegal.
Moreover, by suing sellers XRP tokens, after making the public statements signals that those transactions were lawful. Mr. Grewal also pointed out that the SEC lost sight of this bedrock (an idea that must not ban something simply as it is offensive) principle.
He further asked to get the new regime that gives them a “fix grammar in Tweet” button.
Along with Coinbase, now there are a total 12 entities which show its support of Ripple Labs. As recently 11 entities already sent an amicus to the court.
Ripple’s CEO, Brad Garlinghouse, gave a further update about the Amici Briefs count that increased to 12(!) in his recent tweet on November 04, 2022.
On the other hand, recently a tweet by James K. Filan, defence lawyer, added about the SEC filing a Motion to extend the time to file all parties’ reply Briefs until November 30, 2022 and he also asked the Court to order any additional Amicus Brief be filed by November 11, 2022.
While, he most recently tweeted about the scheduling update, as of November 4, 2022, with dates specific to the Motions for Summary Judgement (corrected.)
Ripple vs SEC Scheduling Updates
In the scheduling update, the court approved the schedule in connection with the Motions for Summary Judgement as November 11, 2022, Deadline for any additional amicus motions and briefs.
- November 30, 2022, Parties files summary judgement reply briefs temporarily under seal.
- December 2, 2022, Parties meet and confer to identify redactions sought by each side to the reply briefs.
- December 5, 2022, Parties files public, redacted versions of reply briefs.
- December 22, 2022, Parties file omnibus motions to seal all materials related to the summary judgement motions.
- January 9, 2022, Parties file oppositions to omnibus motions to seal.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2022/11/05/find-here-about-the-ripple-labs-supporters-and-ripple-vs-sec-update/