More companies are siding with Ripple in the SECGov case
District Judge Analisa Torres to file an amicus brief in support of Ripple's opposition to the U.S. Securities and Exchange Commission's motion for summary judgment.
XRP is one of six cryptocurrencies supported by Cryptillian's digital wallet services. The company claims that the token is actually the second most popular option among its customers. The company says that it has invested significant time and resources in order to integrate the Ripple-affiliated token. Cryptillian estimated that it had processed"tens of thousands" of XRP tokens between cardholders and merchants. It wants to provide the court with real-world data on the use of the XRP cryptocurrency.as an unregistered security would hamper the company's business, arguing that many of its customers would become unwitting violators of securities regulation.
Prior to Cryptillian, several other cryptocurrency industry players were permitted to file amicus briefs in support of Ripple.
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