The court battle between Ripple and the U.S. Securities and Exchange Commission rages on.
In December 2020, the SEC sued Ripple and its current and former chief executives. The regulator alleged that they carried out $1.3 billion in sales of unregistered securities since the launch of Ripple’s native token, XRP.
Since then, the lawsuit has been deliberated upon in different dimensions, with several issues popping out once in a while.
Currently, the case is moving toward the Summary Judgement announcement even as the amicus curiae files a new request.
An amicus curiae, sometimes known as a “friend of the court,” is an individual or organization that is not a party to a legal dispute but is permitted to assist the court by providing relevant information, expertise, or insight.
Lawyer Files New Request In Legal Showdown
According to the report from attorney James Filan on Twitter, lawyer Rodrigo Seira filed a motion in the ongoing case between Ripple and SEC. Seira is requesting to
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