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Defense Lawyer James K Filan, who has been a vital source in the SEC vs. Ripple lawsuit, has shared documents regarding I-Remit’s amicus brief in support of Ripple. The application was opposed by the SEC (Securities and Exchange Commission) in a motion letter to Federal Judge Analisa Torres. Nonetheless, the trial judge allowed I-Remit to submit its application. As per the document, Philippines-based I-Remit serves as a bridge between foreign money senders and recipients of that money in the Philippines. Moreover, it is the only remittance company that is publicly listed on the Philippines Stock Exchange. I-Remit stated that one of the mechanisms it employs for money transfers is Ripple’s RippleNet. One way the firm allows money transfers are through Ripple’s ODL (On Demand Liquidity) software, which uses the XRP cryptocurrency, running on the XRP ledger. #XRPCommunity #SECGov v. #Ripple #XRP I-Remit, Inc. has formally filed its Amicus Brief in Support of t...

Join Our Telegram channel to stay up to date on breaking news coverage Grayscale, the world&rsquo ;s largest digital asset management company, has filed an opening brief against the US Securities and Exchange Commission. The digital asset manager is suing the SEC for denying its conversion of the Grayscale Bitcoin Trust to a spot Bitcoin exchange-traded fund (ETF). Grayscale files opening brief against SEC Grayscale filed its opening legal brief on October 11 at the US Court of Appeals in the District of Columbia Circuit. In the opening brief, the digital asset management company claimed that the SEC’s refusal to approve its Bitcoin ETF was “arbitrary, capricious, and discriminatory.” Grayscale has also argued that the Bitcoin futures ETFs approved by the SEC generated their prices depending on the same indices as a spot Bitcoin ETF. The digital asset manager also said that the SEC could not provide a rational argument that Bitcoin futures ETFs do not have t...