The legal battle between Ripple and the SEC continues to draw significant attention, and a key question for many is: How many firms are supporting Ripple against the SEC? As of today, the count stands at 12 companies and associations publicly supporting Ripple through amicus briefs and other legal filings. This growing support underscores the complexities of the case and its broader implications for the cryptocurrency industry.

One of the core arguments raised in these supporting briefs, as well as by Ripple itself, centers around the awareness of XRP buyers. Many XRP buyers weren’t aware of Ripple’s direct role in its success, which weakens the SEC’s claim that XRP is a security. This lack of direct connection between Ripple's actions and the XRP purchase decisions is a crucial point in Ripple's defense.

Ripple continues to argue that XRP is not a security and that the SEC's interpretation of securities law is overly broad. This stance is bolstered by the amicus briefs filed by various companies, demonstrating the industry's concern about the SEC's approach to regulating digital assets.

The SEC, however, is pushing back. At the start of 2025, the SEC filed an opening brief on January 15th, in its appeal against Ripple, seeking to overturn the 2025 ruling that classified XRP sales differently. This appeal signifies the SEC's determination to pursue its case against Ripple and establish its regulatory authority over cryptocurrencies.

Here are all the companies that filed for Amicus Briefs in the Ripple v. SEC case. The increasing number of amicus briefs is something Garlinghouse reacts to favorably, viewing it as a sign of growing support within the crypto community. A prominent example of this support is from Coinbase – Most recently, prominent cryptocurrency exchange Coinbase revealed that it filed an amicus brief in support of Ripple. Other notable firms and associations have also stepped forward, further solidifying Ripple's position.

The outcome of this case will have significant ramifications for the future of cryptocurrency regulation. The number of firms supporting Ripple demonstrates the widespread concern within the industry regarding the SEC's approach and its potential impact on innovation and adoption.