The lawyer James K. Filan says that the XRP community could play a major role in the ongoing legal case between the United States Securities and Exchange Commission (SEC) and Ripple Labs, a blockchain tech-based cross-border remittance payments company based in San Francisco.
Recently, in a Twitter thread, the lawyer shared his thoughts on the ongoing legal battle between these two entities and described how the community of XRP holders could play a major role in this case. He said that the court is hearing the voice of XRP holders and that they are making a great impact on this case. This is what he said in the tweet:
“#XRPCommunity You are making a huge impact on the #SEC_News v. #Ripple case. You are being heard. The Court increased public accommodation from 500 to 4,000 people and provided an international call-in number. But please follow the Court’s rules – don’t be like the @SEC_News )!”
#XRPCommunity You are making a huge impact on the #SEC_News v. #Ripple case. You are being heard. The Court increased public accommodation from 500 to 4,000 people and provided an international call-in number. But please follow the Court's rules – don't be like the @SEC_News)!
— James K. Filan (@FilanLaw) April 21, 2021
Filan has been involved actively in the Ripple Vs. SEC lawsuit and has been sharing thoughts regarding this case since the lawsuit battle began back in the month of December 2020.
Prior to talking about the participation of XRP holders in the case, he also shared another key detail regarding the case.
He revealed in a tweet that an online discovery conference for the US SEC and Ripple is going to be taking place by the end of this month. The scheduled date, as per his tweet, is the 30th of April, 2021.
Currently, the end result of this legal battle is yet to be seen. However, things seem to be settling down between these two parties. And there is likely a chance that the blockchain payments giant may see good results at the end of this battle. But only time will tell where this lawsuit war will end.
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