Why is no one supporting SEC against Ripple

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In the ongoing lawsuit against SEC vs Ripple, there is an increase in the number of companies seeking to file motions in support of Ripple.

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Attorney Jeremy Hogan, a Partner at Hogan & Hogan law firm, tweeted “Doesn't the SEC have even ONE friend..”

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His tweet comes after SEC’s response that “it takes no position” on SpendTheBits and ICAN motions to file briefs supporting Ripple.

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There have been some recent developments, and XRP holders hope the lawsuit will end in the first quarter of next year.

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Both the SEC and Ripple have filed their respective motions and responses for summary judgment.

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The SEC believes Ripple deliberately misinterpreted the Howey test portrayed in the company’s summary judgment motion.

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At press time, XRP price today is $0.475219 USD with a live market cap of over $23 billion USD.

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