Case 1:20-cv-10832-AT-SN Document 694 Filed 11/03/2 NFT on XRPL

Case 1:20-cv-10832-AT-SN Document 694 Filed 11/03/2

Collection: MAYABLUE.X<WONKAS/GOLDEN/TICKET>

Case 1:20-cv-10832-AT-SN Document 694 Filed 11/03/2 Benjamin L. [email protected] Dial: (816) 527-9443VIA CM/ECF AND EMAILThe Honorable Analisa N. Torres United States District JudgeDaniel Patrick Moynihan United States Courthouse 500 Pearl StreetNew York, NY 10007-1312 < [email protected] < Re:SEC v. Ripple Labs Inc., et al., Case No. 1:20-cv-10832-AT-SN < Dear Judge Torres:I write as counsel for Veri DAO, LLC (“Veri DAO”) to respectfully request the Court’s permission to file an amicusbrief addressing the Defendants’ motion for summary judgment in the above-referenced action. A copy of the amicus brief is attached as Exhibit A. “District courts have broad discretion in deciding whether to accept amicusbriefs.” Jamaica Hosp. Med. Ctr., Inc. v. United Health Grp., Inc., 584 F. Supp. 2d 489, 497 (E.D.N.Y. 2008) (citation omitted). “An amicusbrief should normally be allowed when ... the amicushas unique information or perspective that can help the court beyond the help that the lawyers for the parties are able to provide.” Automobile Club N.Y. Inc. v. Port Authority of N.Y. & N.J., No. 11-cv-6746-RJH, 2011 WL 5865296, at *2(S.D.N.Y. Nov. 22, 2011) (internal quotations omitted). “The court is most likely to grant leave to appear as an amicus curiaein cases involving matters of the public interest.” Andersen v. Leavitt, No. 3-cv-6115-DRH-ARL, 2007 2007 WL 2343672, *7 (E.D.N.Y. Aug. 13, 2007).Veri DAO can satisfy the applicable criteria. In short, Veri DAO is a Wyoming limited liability company and decentralized autonomous organization composed of media personalities, small business owners, engineers, entrepreneurs, retirees,and coders who are passionate about the potential of peer-to-peer capital markets and the disintermediating of financial systems for the benefit of inventors and innovators. The individuals involved in Veri DAO originally convened in 2019 during the fallout of the Securities Exchange Commission’s (“SEC”) action against Reginald Middleton, Vertiaseum, Inc., and Veritaseum, LLC in relation to the Veritaseum digital assets (collectively the “VERI Case 1:20-cv-10832-AT-SN Document 694 Filed 11/03/22 Page 1 of 2 The Honorable Analisa N. TorresNovember 3, 20222Tokens”).See SEC v. Reginald Middleton, et al., Case No. 1:19-cv-04625-CBA-RER (E.D.N.Y. Aug. 12, 2019).Out of the 20,000 or more existing cryptocurrenciesin circulation, the Veri Tokens are just one of a few that have involved an SEC action against the centrally involved persons. XRP is now another one. The members of Veri DAO have the unique experience of being downstream, unaffiliated, and secondary holders of a digital asset in which certain central persons were sued by the SEC. The fallout of such SEC action has left downstream, unaffiliated holders of VERITokens with no confidence or guidance on what they can legally do with their digital assets. Because downstream, unaffiliated holders of the VERITokens, like those of XRP, do not have a common enterprise with the issuer and do not share in any profits of the issuer, such holders must look to their own use and trade of their digital assets to obtain valueorprofits. However, the regulatory cloud of uncertainty caused by the SEC entering the digital assets space, coupled with their unwillingness to provide clarity when clarity is sought (as explained in the amicus curiae brief of Veri DAO), has chilled the use and trade of VERITokens by downstream, unaffiliated holders. Conseq

Issuer: rHptc7SoKRPDB5Y2AGy5JAkRRHhXkB6dmt

Taxon: 200986

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NFTokenID: 000A04B0AFDD82FEE3E4C94517A8976C8DE51C2B87160F5ECE1773BE00000009

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