Legal shtuff is boring. If you’ve read some of our stories about something called an ‘Amicus Brief,’ think of it like a sports game, and someone who files an amicus brief for one party in court is a ‘fan’.
Using that analogy, this is what Team Ripple’s ($XRP) fan base looks like:
And here’s what the SEC’s looks like:
How many entities have filed as ‘Friends of the Court’ for Ripple? Well, another just joined yesterday (VeriDAO). That brings the total to twelve.
The @dao_veri is proud to announce that the Amicus curiae brief in support of the Ripple attorney's motion for summary judgement has been entered into the court docket in the southern district of New York. https://t.co/D7SNYlKnSo
— VeriDAO (@dao_veri) November 3, 2022
Ripple CEO Brad Garlinghouse took to Twitter, sharing his/Ripple’s attorney, and commented that 12 amici briefs are “… unprecedented….”
For those of you keeping count, 12 (!) amici briefs submitted. It’s unprecedented (I’m told) to have this happen at this stage. They each explain – in their own unique way – the irreparable harm the SEC will do to every facet of the US crypto economy if it gets its way. https://t.co/Na9fWq3GvO
— Brad Garlinghouse (@bgarlinghouse) November 3, 2022
Things are looking better and better for Ripple and for the broader crypto community as a whole.