Ripple v. SEC: 12 Entities Back Ripple, But SEC ‘Blindly Bulldozes On’
The long-battled lawsuit between the San Francisco-based fintech firm Ripple and the American Securities and Exchange Commission (SEC) has yet another update. Despite calls for a conclusion and growing support for Ripple, the SEC has asked for an extended timeline.
Legal experts weren’t too pleased with this motion as the regulator’s victory probability grew slimmer. BeInCrypto reported that a few legal experts hinted that the SEC’s (potential) “bruising defeat” could be nearing soon. Supporters for Ripple Labs in its litigation against the SEC keep piling on. More than 75,000 supporters and (now) 12 entities have pledged their support for Ripple with an Amicus curiae brief filing.
Source
https://t.me/Cronos_Cardano_Ripple
