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The U.S. Securities and Exchange Commission told the court it plans to file an objection to the request of XRP holders to participate in court as an “Amici Curiae.”
Amicus curiae (lat. — Friend of the Court) – the term means a person assisting the court, offering the court information relevant to the case, despite the fact that the specified person is not a party to the case and is not involved in the case by its direct participants.
The SEC is asking Judge Analisa Torres to extend the deadline to June 7 due to the upcoming holiday and other deadlines for briefings. The defendants and lawyers amici curiae do not object to the motion, which means that the court is likely to grant it.
In October, attorney John Deaton’s motion to intervene was denied. However, the court granted amici status to six XRP holders, which gives them the opportunity to assist the court.
Earlier this May, Deaton asked the court to write a memo on behalf of other community members affected by the lawsuit. This step was made in response to the testimony of expert, SEC witness Patrick Doody, whose report is designed to explain what prompted XRP holders to buy the token.
The owners of XRP argue that it is “quite difficult to imagine” a more pressing issue justifying their participation in a briefing on the testimony of experts. Their participation will help to ensure a “full and complete presentation” of the issues under consideration.
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