- Judge Torres grants I-Remit and TapJets permission to file Amicus (NASDAQ:FOLD) Briefs for XRP.
- I-Remit and TapJets must file their Amicus Briefs by no later than October 14.
- XRP CEO assumes the Ripple and SEC case could be nearing its conclusion.
In the recent development, the U.S. District Judge, Analisa Torres, granted two third-party defendants, I-Remit and TapJets, permission to file Amicus Briefs for Ripple in the SEC vs. XRP endgame.
Defense lawyer James K. Filan shared a copy of the notice from the district court of New York:
#XRPCommunity #SECGov v. #Ripple #XRP Judge Torres, over the SEC’s objection, grants I-Remit’s and TapJets’ requests to file amicus briefs in support of Ripple. pic.twitter.com/07kyBi7NYj— James K. Filan 118k (beware of imposters) (@FilanLaw) October 11, 2022
According to the notice, I-Remit and TapJets must file their Amicus Briefs by October 14. The parties must ensure that their briefs comply with the requirements mentioned in Section III.D of the Court’s Individual Practices in Civil Cases.
The crypto community believes this is a big win for Ripple. The community also believes that the final verdict in the case could be drawing close. In fact, Ripple CEO, Brad Garlinghouse expressed his assumption that the long-drawn-out battle between Ripple and the SEC could be nearing its conclusion. However, he believes, it could still take many months.
Whilst speaking on this context at a DC Fintech Week’s event, Garlinghouse said:
I think we’ll have an answer in the first half of next year. Whether that’s the first quarter or second quarter, we shall see.
I-Remit and TapJets are filing their Amicus Briefs in favor of Ripple. Both firms have argued that the SEC’s case against Ripple is hurting their business as the XRP Ledger and its native token XRP are key utilities for their businesses to function.
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