Ripple Gets Stronger With 3rd Parties Joining Lawsuit

Ripple Gets Stronger With 3rd Parties Joining Lawsuit
  • Two Ripple-supporting third parties have now been granted to participate in the lawsuit.
  • Journalist Eleanor Terrett claims three pro-Ripple third parties will also join soon.
  • Out of the 30 top cryptocurrencies, only XRP remains green amid massive market volatility.

The majority of the crypto space continues to rally behind Ripple’s side, as an interesting development has recently unfolded. Specifically, Judge Analisa Torres has permitted three third parties to participate in the Ripple vs SEC lawsuit.

Interestingly, two out of the three entities are outspoken Ripple supporters. Namely, these are cross-border payments provider I-Remit and private jet booking firm TapJets. In fact, both of these have already filed their amicus briefs in support of Ripple, both of which have been granted.

If the scoop provided by FOX journalist Eleanor Terrett maintains its veracity, then Ripple can expect three more supporters to file their support soon. Only the Chamber of Digital Commerce has expressed its neutrality, although many expect it to lean more toward Ripple, given that the organization advocates for blockchain adoption.

The overwhelming support for Ripple during the last couple of weeks has caused XRP, the cryptocurrency issued by the embattled fintech firm, to stand firm amid extreme market volatility. In fact, among the top 30 coins listed on CoinMarketCap, only XRP remains green for the last 7 days. At the time of writing, XRP is changing hands at $0.4878.

For those who missed the news, Judge Torres has ordered anew the SEC to give over the documents involving former director William Hinman. These documents contain evidence that can make the Ripple case even stronger and that many believe will be critical to Ripple’s victory over the SEC.

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Jesus covers news related to the crypto space in Asia and in Australia, although he follows the latest events in the US and Europe as well. He is most interested in the blockchain gaming and regulation aspects of the industry.