ICYMI: Jeremy Hogan explains the importance of amicus briefs filed in the Ripple v. SEC case XRP Ripple $XRP XRPnews XRPArmy
has taken to Twitter to speculate on what might be the reasons for several amicus briefs allowed in the Ripple lawsuit. Hogan defines an amicus brief as a friend of the court and, historically, they have only been filed in appellate and"top" level courts where particularly complex issues are being resolved.An AB is called a"Friend of the Court" and historically, ABs have been filed only in appellate and"top" level courts where difficult issues are being resolved.
He further added,"The Judge's liberal allowance of amicus briefs in this trial level case would seem to suggest that she understands that the issues involved are complicated, novel and that the ruling will affect a large group of people and/or industry. And I think that's a good thing." So far, the Chamber of Digital Commerce, Ripple Partner, I-Remit, Tapjets and ICAN are among the major players that have filed amicus briefs in the case.Over the weekend, SpendTheBits and the Investor Choice Advocates Network formally filed their amicus briefs in support of Ripple.
This follows after Judge Torres approved requests by major market players, including Philip Goldstein, ICAN and SpendTheBits, to file amicus briefs in the lawsuit. The latest to seek a request to deliver an amicus brief in the lawsuit is The Blockchain Association, which aims to put forward a correct interpretation of the Supreme Court's Howey test in support of Ripple.Both Ripple and the SEC have filed opening motions and oppositions to the summary judgment briefings.
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