Judge Analisa Torres, one of the United States district judges involved in the Ripple-SEC litigation regarding XRP, has granted the requests of two top Ripple clients to submit amicus briefs following the Summary Judgment motion, earlier filed by Ripple.
By October 14, both I-Remit and Tapjets shall file their amicus briefs in support of the San Francisco-headquartered crypto solutions company, per the update shared by James K. Filan.
Ripple Gains Support From I-Remit and Tapjets
I-Remit, a licensed cross-border payments service provider established in the Philippines which adopted Ripple’s On-Demand Liquidity (ODL) in September submitted a letter to Judge Analisa Torres in late September requesting leave to file an amicus brief regarding Ripple’s Summary Judgment motion.
Likewise, Tapjets, which described itself as an uninterested party in the Ripple-SEC litigation forwarded a request to Honourable Judge Torres soliciting approval to file an amicus brief in support of Defendant Ripple’s Labs motion for Summary Judgment in the ongoing XRP lawsuit filed against the crypto solutions company by the United States Securities and Exchange Commission (SEC) in December 2022.
Subsequently, the SEC submitted a response to object to the motions filed by I-Remit, and TapJets, for leave to file briefs in support of Ripple. The plaintiff opposed both motions stating that “the proposed briefs constitute improper attempts by the two parties to offer evidence outside the constraints of discovery restrictions, the rules of evidence, and the Court’s prior order.”
Ripple later slammed the SEC following their mischaracterization of I-Remit’s and Tapjets’ requests, noting that there is nothing wrong in their motions as both companies are independent third parties, unconnected to the XRP litigation. In addition, Ripple stated that both companies only seek to offer their important perspective as to how the SEC’s theory of XRP would adversely impact their respective businesses.
Despite the SEC’s move to cancel I-Remit’s and Tapjets’ support for the Defendants Ripple Labs, Ripple CEO Brad Garlinghouse, and Chris Larsen, Honorable Judge Analisa Torres granted the requests of the third parties for leave to file amicus briefs regarding Ripple’s motion for Summary Judgment.
According to the United States District Judge, “The Court has reviewed the requests by I-Remit, Inc. and TapJets, Inc. for leave to file amicus curiae briefs dated September 30, 2022. ECF Nos. 653, 65, and the parties’ letters dated October 4, 2022, ECF No. 657, and October 5, 2022, ECF No. 658. Accordingly, the requests are GRANTED.”
“By October 14, 2022, I-Remit, Inc. and TapJets, Inc. shall file their briefs. Amici are reminded that their briefs must comply with the requirements set forth in Section III.D of the Court’s Individual Practices in Civil Cases,” the decision read.
— James K. Filan 🇺🇸🇮🇪 120k (beware of imposters) (@FilanLaw) October 11, 2022
Ripple and XRP Supporters Remain Optimistic
As the longstanding legal tussle between the SEC and Ripple seems to be slowly winding down, the crypto solutions company and its supporters are hopeful that the Court’s final ruling will end in favor of XRP. Speaking on when the case will end, Ripple CEO Brad Garlinghouse noted that it is hard to predict, indicating that it could linger till mid-2023.