Coinbase даде дозвола за поддршка во SEC Vs Ripple

Cryptocurrency exchange Coinbase has been granted permission to submit its amicus brief to join the support for Ripple Labs in its ongoing lawsuit with the United States Securities and Exchange Commission (SEC).

On Monday, presiding U.S. District Judge Analisa Torres, granted motions to Ripple’s 12 supporters to file their amicus briefs. Among the list of growing supporters are Coinbase and the Blockchain Association. The supporters have until November 18 to submit their briefs, but Coinbase has already confirmed its filing. Earlier this month applied to the court to have its application for an amicus brief considered. An amicus brief is known as a “friend of the court,” and is a legal brief that contains advice or information relating to a court case from an organisation that is not directly involved in the proceedings.

#XRPЗаедница # СЕЦГов v. #Рипл #XRP Судијата Торес ги одобри предлозите за поднесување на Amici Briefs. До 18 ноември 2022 година, Здружението, шестмина носители на XRP, Coinbase, CCI, Valhil, Cryptillian, Veri DAO, Reaper Financial, InvestReady, NSEI и Paradigm мора да ги поднесат своите официјални информации. pic.twitter.com/rb9HdmYVy7

— Џејмс К. Филан 🇺🇸🇮🇪 126k (пазете се од измамници) (@FilanLaw) Ноември 14, 2022

The case between Ripple Labs and the SEC has a major breakthrough in October when it was ruled in favour of Ripple and Judge Torres ordered the SEC to hand over the much-contested Hinman documents. These documents contain internal SEC emails and drafts from former Director of Corporation Finance, William Hinman. The documents contain discovery material from a speech delivered by Hinman in which he claimed that Bitcoin and Ether are not securities. In his speech, Hinman said:

Врз основа на моето разбирање за сегашната состојба на Ether, мрежата Ethereum и нејзината децентрализирана структура, тековните понуди и продажби на Ether не се трансакции со хартии од вредност.

The documents are more broadly connected to the suit against Ripple Labs, its former CEO Chris Larson, and its current CEO Brad Garlinghouse. The SEC filed the suit in 2020 and allege that the three entities – Ripple Labs, Garlinghouse, and Larsen – illegally profited from selling Ripple’s native token XRP as unregistered securities.

After a week of major uncertainty for the overall crypto market, XRP was leading the charge in terms of gains and gained over 10% after the developments.

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