The U.S. Securities and Exchange Commission has filed another reply memorandum of law, opposing XRP holders’ intervention in the Ripple case.
The agency states that they cannot appear as amici curiae (“friends of the court”) because they are “too partial” and their interests align with those of the defendants.
Movants’ counsel John Deaton is also being accused of attacking the SEC:
In its initial reply, the SEC cited two occasions when Deaton resorted to physical violence references:
The SEC also states that the movants are attempting to “inappropriately” expand the issues of the Ripple case after previously mentioning that an intervention would compel the regulator to bring an enforcement action against them.
Deaton denies promoting violence
In turn, the movants claim that the SEC is “attacking the messenger” by portraying Deaton as an “unhinged conspiracy theorist crusader.”
The counsel denies inciting violence, downplaying his above-mentioned comments as “satirical” and “humorous”:
In addition, XRP holders reiterate that they have a “cognizable interest” in the case, but they are not adequately represented by Ripple.