News View Non-AMP

Ripple vs SEC : SEC Approves SpendTheBits Inc To File Amicus Curiae

Published by
Sohrab Khawas

The long time legal battle of Ripple vs SEC appears to have picked its momentum as the lawsuit is gaining some exciting movements. The lawsuit is currently in the summary judgment phase which has attracted various firms to be an Amicus Curiae.

Amicus Curiae is a process wherein the person or organization who acts as a friend to the court assisting the procedure will file the brief, here its in support of Ripple.

The latest updates claim that in Ripple vs the US Securities and Exchange Commission (SEC) legal tug of war, XRP Ledger (XRPL) backed company SpendTheBits Inc (STB) has filed to be XRP’s Amicus Curiae.

How Many More Amicus Briefs In Ripple vs SEC Case ?

As per the reports, the SpendTheBits company has been making use of the open-source blockchain technology of XRP Ledger to battle against long delays and high cost Bitcoin transfers. As per amicus curiae document, just because the STB used Ripple’s technology, the application can now burn 0.00005 XRP in every transaction.

The document also briefs about STB’s launch in Canada where the firm asserts that the main reason for STB to opt Canada against the US is because of SEC’s stand in XRP lawsuit.

It was on October 28th that the US District Court Judge, Analisa Torres allowed Investor Choice Advocates Network and STB to file their amicus curiae briefs.

On the other hand, there are many firms who are standing as a support to Ripple against the SEC lawsuit. The Blockchain Association has claimed via twitter that they will be the recent ones to file for amicus curiae.

However, though there are requests from various companies to be an amicus curiae and even though most of them have already filed the briefs, the SEC has previously mentioned that its decision will not be dependent on any briefs.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

Recent Posts

7 Best Meme Coins to Buy Now — APC Coin’s Deflationary Setup Catches Eyes with Neiro, Pepe Unchained, and More

What if the next big crypto boom isn't driven by Bitcoin or Ethereum, but by…

June 7, 2025

Top 7 Indicators That Ozak AI Is the Next Big Thing in AI Tokens

Convergence of artificial intelligence (AI) and blockchain technology continues to reshape the crypto space, one…

June 7, 2025

A New Era Begins with FUNToken AI Agent

FUNToken launches a smart rewards bot — the first step toward building an AI agent…

June 7, 2025

The 6 Best Crypto Exchanges: Top Picks for Seasoned Pros in 2025

The crypto market of 2025 is now a full-blown financial arena where professionals, institutional traders,…

June 7, 2025

Analysts Say This New Crypto Is The Best Risk-To-Reward Play Over Dogecoin (DOGE)

Analysts are spotlighting Mutuum Finance (MUTM) as the best crypto to buy now, outshining Dogecoin…

June 7, 2025

Investors Are Moving Beyond Dogecoin (DOGE): Ruvi AI (RUVI) Emerges as the Smarter 2025 Altcoin Bet

Investors seeking more than speculative momentum are increasingly shifting their attention from Dogecoin (DOGE) toward…

June 7, 2025