The ripple news provided price support amid persistent contagion risks
Overnight, Ripple continued to make cryptocurrency headlines. Speaking to The Times, Ripple CEO Brad Garlinghouse said:
“He will take over the body of FTX and will be interested in buying parts that serve corporate clients, as well as its stakes in other companies.”
Garlinghouse’s comments reflected Ripple’s liquidity position, which would allow Ripple to acquire FTX assets.
However, there were no updates to bear on the ongoing SEC v Ripple case. The deadline for submitting the Amicus brief passed on November 18, and the focus now shifts to November 30. Parties must submit response notes temporarily sealed at the end of the month.
Investor optimism towards the outcome of the SEC v. Ripple case remains positive. The following opposing parties and representatives submitted Amicus memos prior to November 18:
Chamber of Digital Commerce, I-Remit, TapJets, I-CAN, Spend-the-Bits, Coinbase, The Blockchain Association, Paradigm Ops, VeriDAO, Reaper Financial, CCI, Cryptillian, NSEI, Valhil Capital, John Deaton on behalf of XRP-owner .