In the ongoing legal battle between the SEC and Ripple, a new development has emerged. Better Markets Inc., a nonprofit organization, has filed an amicus brief in support of the SEC. For context, the SEC has appealed the 2023 ruling, arguing that Judge Torres made errors when deciding that certain sales of $XRPon digital asset exchanges were not securities.

To summarize the SEC’s position: they believe the judge wrongly ruled that these “programmatic sales” of $XRP<