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- John Deaton underlined that some new evidence would soon be revealed in Ripple and SEC lawsuits.
- While writing this article XRP native token of Ripple labs is trading at $0.343.
CryptoLaw’s Founder and XRP supporter John Deaton underlined that some new evidence would be revealed in the US Securities and Exchange Commission lawsuit against Ripple(XRP).
The lawsuit against Ripple Labs was filed in December 2020, alleging that XRP was selling securities without proper authorization.
Deaton Appreciated the moment that started after the joining of 70K XRP users and stated an example of the same that in January 2021, only seven holders joined, and slowly the number turned to 70k.
Deaton represents 70k XRP holders in the lawsuit After US District Judge Analisa Torres granted the crypto investor “Amici Curiae” status the previous year.
“Amici Curiae” is termed as “friend of the court,” Amici curiae can submit documents termed amicus brief on the matter appropriate to the case as long as the court approves the briefs in advance.
John Deaton said that when the Summary Judgement motions are public, we will see the evidence we are unaware of, including testimony from Brad Garlinghouse, Chris Larsen, David Schwartz, and former Ripple employees. It includes testimony from Hinman and other SEC officials (i.e., Amy Starr, Valerie S, etc.).
With reference data from Coinmarketcap, while writing this article, the XRP native token of Ripple labs is trading at $0.343. For the last seven days, XRP traded highest on 18 th august 2022 at $0.3809.
Ripple to Expand Their Services Asia-Pacific
The crypto solution firm Ripple stated that its expansion in Asia-Pacific is due to the growth in crypto regulations and the latest business innovations. As per the report analysis of Ripple, around 76% of financial organisations and 71% of businesses will enable the use of cryptocurrencies and blockchain technology by 2025.
Ripple noted in its PR, “This makes it possible for 47,000 Thai nationals living in Japan to send money home faster. SBI Remit’s customers can use ATMs to instantly send money in JPY to a recipient’s SCB savings account in Thailand and receive funds in THB within seconds.”
Previously, Ripple also announced its collaboration with FOMO Pay, a Singapore-based fintech firm. It used Ripple’s On-Demand Liquidity (ODL) technology that facilitated low-cost and real-time cross-border payments.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
