You have our swords: 12 independent entities pledge legal support to Ripple

Evidence mounts as 'friends of the court' line up to support Ripple Labs.

Fintech company Ripple is garnering more support from the crypto and finance industry in its ongoing battle with the United States Securities and Exchange Commission (SEC).

On November 4, Ripple CEO Brad Garlinghouse proudly tweeted that the number of companies, developers, exchanges, associations, and investors officially supporting the company had reached 12.

Pile of filed amicus briefs is growing according to Ripple Labs General Counsel Stuart Alderoty.

An amicus brief is a legal document filed in appellate cases to assist the court by providing relevant additional information or argument. These briefs are filed by amicus curiae, a Latin expression which translates to "friend of the court".

"It's unprecedented (I'm told) for this to happen at this point," exclaimed Garlinghouse.

For those of you counting, 12 (!) amici briefs have been submitted. It's unprecedented (I'm told) for this to happen at this point. They each explain - in their own way - the irreparable harm the SEC will cause to all facets of the US crypto economy if it gets its way. https://t.co/Na9fWq3GvO

On November 3, the SEC filed a motion to extend the deadline for filing all reply briefs until November 30. She asked Judge Analisa Torres to order that any additional amicus briefs be filed by November 11.

Alderoty mocked the SEC's response, saying the agency "needs more time, not to listen or engage, but to blindly bulldoze." Garlinghouse had previously hoped for a conclusion in the first half of 2023, but with mounting evidence, the SEC may drag it out longer.

The most recent amicus brief was filed by Cryptillian Payment Systems on November 3, as confirmed by defense attorney James K. Filan.

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