Judge rejects XRP hodlers' bid to join SEC against Ripple case as defendants

There has been another twist in the ongoing battle between distributed ledger technology firm Ripple and the U.S. Securities and Exchange Commission (SEC). On Monday, Oct. 4, U.S. District Judge Analisa Torres ruled that individuals holding the company’s XRP token cannot act in Ripple’s ongoing lawsuit as defendants. The determination comes after a number of XRP token holders aimed to file “friends of the court” briefs which would allow them to join the case as defendants and support Ripple in its claims that the token does not violate securities laws.
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- CoinRado.com