More entities back Ripple as SEC seeks extension
According to the court filing, the SEC had brought a lawsuit against the DAO that its VERI tokens were unregistered securities on Aug. 12, 2019. The filing continued that while the organization resolved the issue concerning the tokens with the commission, they were unable to clarify whether the tokens.
The DAO stated that efforts to get more clarity concerning this token from the regulator had proven abortive. The SEC only provided an informal warning that the VERI Tokens would be treated as securities. Several other firms, including U.S.-based crypto exchange Coinbase, have filed a motion to support Ripple. Coinbase said the SEC lawsuit had caused around $15 billion in losses for retail traders.
Source
https://t.me/Cronos_Cardano_Ripple
