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Cryptopolitan 2022-10-31 11:33:44

Blockchain Association backs Ripple. A move unifying the Crypto sector against SEC?

Blockchain Association backs Ripple. A move unifying the Crypto sector against SEC?

The Blockchain Association has drummed its support for payment company Ripple Labs in itstussle with the United States SEC. According to the group, the case could become integral for the crypto sector. This means that the final decision on the lawsuit would either make or mar digital assets and the industry. Some days ago, the group claimed it would file an amicus brief at the court. Blockchain Association wants to file an amicus brief In the post by the group, the amicus brief will enable the group to provide in-depth information that might help Ripple in its ongoing lawsuit. The lawsuit, which is almost close to its second anniversary, started around December 2020. During the period, the company, as well as CEO Brad Garlinghouse and founder Chris Larsen were sued by the regulatory agency. The offense was that both individuals used the company to raise about $1.3 billion by selling unregistered securities in XRP.  The Blockchain Association claimed that the agency has been trying to stamp its another int...

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