Fintech firm Ripple is garnering more support from the crypto and finance industry in its ongoing battle with the United States Securities and Exchange Commission (SEC).
An amicus brief is a legal document filed in appeals cases to aid the court by providing extra relevant information or arguments.
“It’s unprecedented (I’m told) to have this happen at this stage,” Garlinghouse exclaimed.
Garlinghouse had previously hoped for a conclusion in the first half of 2023, but with the evidence mounting, the SEC could drag it out longer.
The most recent amicus brief was filed by Cryptillian Payment Systems on Nov. 3 as confirmed by defense lawyer James K. Filan.
Related: ‘Well worth the fight’ — Ripple counsel confirms Hinman docs are in their hands The U.S. securities regulator took action against Ripple in December 2020, accusing the company and its executives of conducting an unregulated securities sale of its XRP token.

Source - Coin Telegraph
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