Sec’s Motion To Revoke The Ripple’s Amici Curiae Status Is Denied By Magistrate Judge Sarah Netburn
The SEC‘s request to revoke the amici status of XRP holders has been denied by Magistrate Judge Sarah Netburn and therefore came as a hit to the agency.
The amici curiae status was gotten by Ripple via the attempt of a group of XRP holders led by the attorney John Deaton in 2021 March.
The amici status allows the XRP holders to file “friends of the court” briefs
https://twitter.com/FilanLaw/status/1552052776376606721
On October 4th, 2021, the movants were permitted by the court to act as “amici curiae and brief legal irrelevant to the case as approved by the court”.
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As stated by the ruling...