Australian lawyer commented that I-Remit has filed an application to file an amicus brief

Ripple против SEC: Движение о вмешательстве открывает дверь для частичного урегулирования

On Twitter, australian lawyer commented that I-Remit has filed an application to file an amicus brief.

On Twitter, australian lawyer recently commented that I-Remit has filed an application to file an amicus brief. He noted:

The Amicus brief of I-Remit may be a short few pages but it packs a powerful punch. It is damaging to the SEC’s arguments on the third prong of Howey and more helpful to XRP in my view than the CDC’s Amicus brief.

He also added:

It is impressive how because of its ‘deep knowledge’ of the technologies and the evidence of I-Remit’s own use of XRP and the XRPL, it comes across almost as an independent expert.
Most importantly it is a market participant with actual knowledge not just theoretical knowledge of how ODL and XRPL are used and that they are different.
It shows how XRP is used as a tool for payment transfers not an investment which is the use case Ripple created by ODL but to which the essential characteristics of XRP are so suitable. Highlights to me the problem the SEC has shown in conflating the XRPL and ODL.
Essentially and this is the critical point, it relies on the characteristics of XRP as fast, easy and reliable not on the value of XRP or any efforts of Ripple that increase its value. The third prong of Howey does not apply to XRP for I-Remit.