Amid the ongoing Ripple and SEC lawsuit, the Blockchain Association has indicated an interest in filing an amicus curiae brief supporting Ripple. As per the association, the SEC’s statements throughout its litigation against Ripple prove that the agency sees U.S. laws beyond the initial investment contract application between a crypto token issuer and investors. In addition, the association also notes that such an “overly court ruling” could negatively impact the entire blockchain industry in unintended ways.