SEC vs. XRP: William Cunningham To File Briefs in Public Interest

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SEC May Still Win Ripple Case: Outcome Uncertain!
  • William Michael Cunningham seeks permission to file amicus briefs.
  • The Creative Investment Research CEO aims to file a brief in support of public interest.
  • Cunningham has agreed to have no connection with either of the parties in this case.

The CEO at Creative Investment Research, William Michael Cunningham, has asked District Judge Analisa Torres to grant him leave to file an amicus brief in “support of public interest” in the SEC and Ripple lawsuit. Cunningham has agreed to have no connection with either of the parties involved in the case.

The applications for the amicus briefs were due on November 11. Cunningham has been late in joining the bandwagon, it is speculated whether Judge Torres will grant the permission or not. A Twitter user named Sherrie wrote:

Applications for Amicus Curiae were due November 11th. The Judge can make an exception though, but will she? I don’t know. No real argument and usage of previous case references in the bulk of the brief.

As per the filings, Cunningham has sought permission in an attempt to distribute this brief to case participants fairly and effectively. Additionally, he aims to move the court to waive all defects in this filing. While filing his briefs as an individual, Cunningham confirms that he has no parent company, nor has he issued any stock.

Furthermore, Filan cites the letter issued to the judge stating that Cunningham’s education and experience better positions him to provide objective and independent research and opinions to the court.

Earlier this week, Judge Torres granted permission to all entities who sought leaves to file their amicus briefs. While Ripple had 13 establishments having their back, the SEC only got three supporting them. So far, the six XRP holders, Coinbase, Veri DAO, Paradigm Operations, The Blockchain Association, Reaper Financial, The Crypto Council for Innovation, and Cryptillian Payment System have officially filed their briefs.

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