Ripple Gets Even More Support From Investor During The Lawsuit
John Deaton, creator of CryptoLaw, an investigation platform on major jural and regulative changes in the United States for electronic finance users and legitimate miners, holds XRP in current Ripple suit. In a post on Twitter, Deaton said Ripple had subjected testimonies from more than three thousand XRP clients.
While informing the cryptocurrency users on the progress of Ripple’s recent lawsuit against the SEC, Deaton mentioned 1 of the filings and praised XRP users for listening to them.
The investigation process
Over the past week, thousands of his XRP users have provided written evidence in response to the SEC’s request for summary judgment. Deaton said that as Ripple and the personal suspects filed their briefs, more and more supporting documents were filed. Deaton said four hundred forty pieces of evidence were sealed. Nevertheless, the accurate time and percentage of total share that has to be revealed is still unknown.
The 167 puzzle pieces are divided into 26 parts. Hermetically sealed but classified according to the documentation. If the display has millions of items, the service cannot treat them all as one thing and has to separate them.
As you can remember, at the beginning of this Fall, there was a filed motion against which Ripple and the SEC summarized and opposed the summaries signed by both parties. The revised synopsis will be released this Monday, the 24th of October.
Ripple gets more and more support
Ripple’s defensive measure against the rival party has gained a lot of supporting coverage in the media in recent weeks. In this regard, more and more major investors have expressed their sympathy with Ripple.
Recently, SpendTheBits, an organization that created the XRP Ledger and an app that uses XRP to exchange Bitcoin, also asked for a synopsis of the suit. As earlier stated, the authorities have permission to submit a summary of the legal advisers in the case.
Looking back, the Ripple Labs and SEC litigation began in the winter of 2020 and are still in the process of going through court and having allegations against each other. In general, a lot of people support Ripple and believe in the company’s success.