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💥Cryptillian Says It Has No Relationship With Ripple, But Will Defend Them Against SEC💥
November 03, 2022
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Cryptillian Payment Systems has requested to file an amicus brief supporting Ripple.

The number of enterprises requesting to file amicus briefs in support of Ripple in the company’s lawsuit against the Securities and Exchange Commission has continued to gain momentum. Cryptillian Payment Systems, an online digital wallet service, is the latest company seeking to file an amicus curiae brief supporting Ripple’s opposition to the SEC’s summary judgment motion. 

Cryptillian Disproves SEC’s Claims

Although Cryptillian has no direct partnership with Ripple, the online digital wallet service noted that its interest in the suit stems from the fact that XRP is one of its supported crypto assets.

“Cryptillian is a non-affiliated party and has no financial or otherwise relationship with the defendants.”

According to Cryptillian, it allows its customers to store and transfer six digital tokens including XRP. According to Cryptillian said it has invested significant financial resources money and time to integrate the processing of XRP transactions using Ripple’s XRP Ledger (XRPL). Cryptillian added that it has been using XRPL to process XRP transactions for its clients without the defendant’s knowledge or assistance.

The online digital wallet service disproved the SEC’s claim that all XRP transfers violate the Securities and Exchange act of 1934. Per Cryptillian, it has processed tens of thousands of XRP transactions since September 2021. 

The Company’s Position on the Matter

Cryptillian said a win for the SEC in the lawsuit would hamper its business and make users of its services violators of the 1934 Securities and Exchange Act.

“Cryptillian respectfully requests that the Court exercise its discretion to grant leave to file the proposed brief because Cryptillian has a unique perspective to share with the Court that will aid the Court in resolving the cross-motions for summary judgment,” an excerpt of the motion read. 

The company also promised to provide the court with data showing Americans’ daily use of cryptos, which are unrelated to securities activities. 

“Cryptillian is uniquely positioned to offer the Court real world data on the use of Crypto on a daily basis, by average Americans and non-online retail and service establishments, again in a manner that does not involve-or inconsistent with-Securities related activities”

Cryptillian further said:

“The SEC will have a full and fair opportunity to respond to Cryptillian’s amicus brief in its Reply, which is currently due on November 15, 2022, and will suffer no prejudice if this request for relief is granted,” Cryptillian added. 

Reason Behind the Numerous Amicus Briefs

Meanwhile, the number of companies pledging support for Ripple against the SEC has continued to increase. Attorney Jeremy Hogan noted that numerous amicus curiae briefs have been filed in a trial-level case like the SEC vs. Ripple suit because Judge Torres understands the complexity of the matter

“The Judge’s liberal allowance of Amicus Briefs in this trial level case would suggest that she understands that the issues involved are complicated, novel and that the ruling will affect a large group of people and/or industry,” attorney Hogan said.

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🔗 Crypto Donations👇
XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
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US Dept of Commerce to publish GDP data on blockchain

On Tuesday during a televised White House cabinet meeting, Commerce Secretary Howard Lutnick announced the intention to publish GDP statistics on blockchains. Today Chainlink and Pyth said they were selected as the decentralized oracles to distribute the data.

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While it would be possible to procure the data from third parties, it is always ideal to get it from the source to ensure its accuracy. Getting data directly from government sources makes it tamperproof, provided the original data feed has not been manipulated before it reaches the oracle.

Source

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If you find value in my content, consider showing your support via:

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1) Simply scan the QR code below 📲
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🔗 Crypto
XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
XLM: GDMJF2OCHN3NNNX4T4F6POPBTXK23GTNSNQWUMIVKESTHMQM7XDYAIZT
XDC: xdcc2C02203C4f91375889d7AfADB09E207Edf809A6

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List Of Cardano Wallets

Well-known and actively maintained wallets supporting the Cardano Blockchain are EternlTyphonVesprYoroiLaceADAliteNuFiDaedalusGeroLodeWalletCoin WalletADAWalletAtomicGem WalletTrust and Exodus.

Note that in case of issues, usually only queries relating to official wallets can be answered in Cardano groups across telegram/forum. You may need to consult with specific wallet support teams for third party wallets.

Tips

  • Its is important to ensure that you're in sole control of your wallet keys, and that the keys used can be restored via alternate wallet providers if a particular one is non-functional. Hence, put extra attention to Non-Custodial and Compatibility fields.
  • The score column below is strictly a count of checks against each feature listed, the impact of specific feature (and thus, score) is up to reader's descretion.
  • The table represents current state on mainnet network, any future roadmap activities are out-of-scope.
  • Info on individual fields can be found towards the end of the page.
  • Any field that shows partial support (eg: open-source field) does not score the point for that field.

Brief info on fields above

  • Non-Custodial: are wallets where payment as well as stake keys are not shared/reused by wallet provider, and funds can be transparently verified on explorer
  • Compatibility: If the wallet mnemonics/keys can easily (for non-technical user) be used outside of specific wallet provider in major other wallets
  • Stake Control: Freedom to elect stake pool for user to delegate to (in user-friendly way)
  • Transparent Support: Easy approachability of a public interactive - eg: discord/telegram - group (with non-anonymous users) who can help out with support. Twitter/Email supports do not count for a check
  • Voting: Ability to participate in Catalyst voting process
  • Hardware Wallet: Integration with atleast Ledger Nano device
  • Native Assets: Ability to view native assets that belong to wallet
  • dApp Integration: Ability to interact with dApps
  • Stability: represents whether there have been large number of users reporting missing tokens/balance due to wallet backend being out of sync
  • Testnets Support: Ability to easily (for end-user) open wallets in atleast one of the cardano testnet networks
  • Custom Backend Support: Ability to elect a custom backend URL for selecting alternate way to submit transactions transactions created on client machines
  • Single/Multi Address Mode: Ability to use/import Single as well as Multiple Address modes for a wallet
  • Mobile App: Availability on atleast one of the popular mobile platforms
  • Desktop (app,extension,web): Ways to open wallet app on desktop PCs
  • Open Source: Whether the complete wallet (all components) are open source and can be run independently.

Source

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If you find value in my content, consider showing your support via:

💳 PayPal: 
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🔗 Crypto
XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
XLM: GDMJF2OCHN3NNNX4T4F6POPBTXK23GTNSNQWUMIVKESTHMQM7XDYAIZT
XDC: xdcc2C02203C4f91375889d7AfADB09E207Edf809A6

 

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