163
The SEC Vs Ripple case continues to see various entities trying to file amicus briefs supporting Ripple in the XRP lawsuit. In a latest, Veri DAO filed a request to submit an amicus brief in the SEC Vs Ripple case. The long pending case is currently in the summary judgment phase. Veri DAO requested the court’s permission to file an amicus brief addressing Ripple’s motion for summary judgment.
XRP Lawsuit – Amicus Curiae
Defense lawyer James Filan said Veri DAO filed a motion to file an amicus brief. Veri DAO is a decentralized autonomous organization composed of professionals from various industries. The DAO claims to be a group of people passionate about the potential of peer to peer capital markets and the disintermediating of financial systems for the benefit of inventors and innovators. Interestingly, the Veri tokens team had in 2019 faced SEC action.
“The members of Veri DAO have the unique experience of being downstream, unaffiliated, and secondary holders of a digital asset in which certain central persons were sued by the SEC. The fallout of such SEC action has left downstream, unaffiliated holders of Veri tokens with no confidence or guidance on what they can legally do with their digital assets.”
- ripple (XRP)
- xrp lawsuit
