SEC vs. Ripple: This leading trade organization may alter the lawsuit for good

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Ripple [XRP], since entangled with the SEC, barely managed to receive any support in the form of cryptocurrency-related projects. Although, post the grant of the Amicus Curiae status to XRP holders represented by attorney John Deaton, narratives might have taken a turn. Now even chambers withholding different secrets want to be part of this action-packed […]

Well yes. For instance, the Chamber’s role in promoting the development of digital assets and the blockchain industry. Further, it provided some clarity regarding XRP’s stance. Itthat the Chamber does not have “a view on whether the offer and sale of XRP is a securities transaction.” However, it is interested in “ensuring that the legal framework applied to digital assets underlying an investment contract is clear and consistent.

Given the extensive experience in addressing the application of U.S. securities laws in the blockchain space, the CDC was granted leave to file an amicus brief in the lawsuit. At least that’s what the filing stated.

 

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