Cryptopolitan 2025-04-08 22:36:23

SEC urges judge to reject outsider’s ‘decisive evidence’ bid in Ripple case

According to reports, a man who was previously ordered to pay over $10 million to the US Securities and Exchange Commission has caught the public’s attention after he filed a last-minute request to intervene in the just-concluded Ripple case. The man, identified as Justin W. Keener claims to possess “decisive evidence” that will reportedly favor the defendants and the American public at large. The SEC filed an opposition to an emergency request to present “decisive evidence” in favor of Ripple by Justin W. Keene. Source: Eleanor Terrett Mystery man offers to present ‘decisive evidence’ Many thought the Ripple vs. SEC case was finally over like the company’s CEO boasted in March. However, on the second of this month, a man named Justin W. Keener, who operated under the name JMJ Financial, submitted a five-page letter to Judge Analisa Torres asking to be allowed to present proprietary data and physical documents he claims could shed new light on the legal classification of investment contracts. According to reports, Keener was not previously a party to the Ripple lawsuit; however, he reportedly believes the evidence he has can promote “liberty for the American people.” Keener’s filing came late, just as the Ripple case seemed to be nearing resolution. While he has acknowledged the unusual timing, he insists that his evidence is critical. According to Eleanor Terret’s post on X, the SEC filed its opposition to Keener’s request on April 8, 2025, asking the Judge to deny it outright. The financial watchdog argues in court documents that Terrett shared that the District Court has lost jurisdiction over the case because the case has moved to the Second Circuit. This means the lower court of authority can not entertain Keener’s request, and any new evidence would need to be directed to the appellate court, not Judge Torres. The agency also argues that Keener has not followed proper legal protocol because he did not file a formal motion to intervene. Keener’s letter is impassioned but it may not meet important technical requirements which gives the SEC the chance to have it dismissed because it was improperly filed. The SEC believes that Ripple is perfectly capable of deciding if what Keener has is relevant or useful to its defense, as he claims. As far as it is concerned, since Ripple itself is not the one presenting the evidence, then it can’t be that important to the case and could even be redundant. The Ripple vs. SEC case has been protracted The financial regulator’s lawsuit against Ripple Labs and its executives, Brad Garlinghouse and Chris Larsen, started in December 2020. The agency alleged that the company had raised over $1.3 billion through the sale of XRP, which it considered an unregistered security. Ripple won a partial victory in 2023 when Judge Analisa Torres delivered a split ruling. According to her, XRP was not a security when it was sold to retail investors on exchanges but its sales to institutional investors were classified as securities transactions. This year, the case saw a lot of progress with Ripple’s CEO, Brad Garlinghouse, sharing on X in March that the SEC will drop its appeal in what he tagged a “resounding victory” for the company and the crypto space as a whole. “This is it – the moment we’ve been waiting for,” he wrote . “The SEC will drop its appeal – a resounding victory for Ripple, for crypto, every way you look at it. The future is bright. Let’s build.” Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now

La maggior parte ha letto le notizie

Max Keiser Cautions on Stablecoin Strategies...
2025-05-08
Space and Time Launches Mainnet to Supercharg...
2025-05-08
Coinbase Buys Out Deribiti
2025-05-08
How the Democrats’ Path to 2026 Victory Goes...
2025-05-08
Urgent Call: Korean Won Stablecoin Proposed t...
2025-05-08
Financial Reset Will Make Global Value to Flo...
2025-05-08
The Crypto Market is Waking Up: 4 Tokens That...
2025-05-08
Crypto.com joins yield-bearing settlement net...
2025-05-08

Notizie correlate

Hut 8 Sees 79% Hasrate Increase Amid $134.3 Millio...
08 May 2025
Coinbase Inks $2.9 Billion Deal to Buy Crypto Opti...
08 May 2025
Coinbase enters $2.9B deal to acquire top Bitcoin,...
08 May 2025
EU to file dispute against US tariffs with World T...
08 May 2025
Bitcoin miner Hut 8 grows hashrate 79% despite $13...
08 May 2025
Bolivia Digital Currency: Bold Plan for ‘Virtual B...
08 May 2025

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta