Ripple's allies in the conflict with the SEC are growing in number

Ripple Labs is still suing with the U.S. Securities and Exchange Commission (SEC). In this regard, cryptocurrency exchange Coinbase, located in the United States, has asked for help for the technology company. The exchange was the latest company to join in supporting Ripple Labs in its conflict with the SEC.

On October 31, Paul Grewal, Coinbase’s chief legal officer, tweeted that the exchange had requested the presiding judge for the opportunity to file an amicus brief. According to Grewal, the case is a textbook example of why amicus briefs are important and helpful. 

An amicus brief is a brief that expresses the views of a party who isn’t directly involved in the court case, but who wishes to support one of the parties who are involved. Usually such notes contain legal advice or information relevant to the case.

If the possibility of filing a note is approved, then Coinbase will be among the list of organizations, which have already filed similar notes. The organizations in the list are the non-profit organization Investor Choice Advocates Network and the crypto-mobile app SpendTheBits.

In addition to the above organizations, the advocacy group Blockchain Association joined in supporting Ripple Labs on October 28. Moreover, the Blockchain Association has already filed an amicus brief, noting that SEC Chairman Gary Gensler's views on securities laws are unlikely to have a good impact on the future.

Ripple Labs has been suing with the SEC for more than two years. The legal battle is expected to be over within the first half of 2023.