SEC opposes third parties seeking to prove utility of Ripple blockchain
The U.S. Securities and Exchange Commission (SEC) has filed a motion to oppose two firms seeking to present evidence in support of Ripple in the ongoing SEC vs. Ripple lawsuit. I-Remit said it had evidence to prove that several companies use XRP for cross-border payments and not as a speculative asset.
On Sept. 30, payment remittance firm I-Remit Inc. and aircraft firm Tapjets Inc. filed a motion asking the court to permit them to file an “amicus briefing.” The process allows a third party to present information relative to an ongoing case that could influence the court’s judgment. Given that the firms are expected to release information in support of Ripple’s case, the SEC alleged that Ripple may have influenced the proposed evidence.
Source
https://t.me/Cronos_Cardano_Ripple
