XRP Lawsuit:<\/strong> The U.S. Securities and Exchange Commission (SEC) has filed an opposition to a recent emergency request submitted by Justin W. Keener in the Ripple lawsuit. Keener\u2019s filing aimed to present what he called \u201cdecisive evidence\u201d in support of Ripple and the \u201cliberty of the American people.\u201d<\/p>\n According to a recent filing, the US SEC asked Judge Analisa Torres to reject the emergency request filed by Justin W. Keener on April 3, 2025. The agency argued that the District Court does not have jurisdiction to consider the request since the Ripple case has already been moved<\/a> to the Second Circuit Court of Appeals.<\/p>\n The SEC used several authorities from different courts as the basis of their decision, specifically citing New York v. Department of Homeland Security, 974 F.3d 210 (2d Cir. 2020). The Commission explained that this be the position once a timely appeal is filed that the matters under appeal are beyond the jurisdiction of the District court.<\/p>\n \ud83d\udea8NEW: The @SECGov<\/a> has just filed an opposition to that \u201cemergency request to present decisive evidence\u201d in favor of @Ripple<\/a> we saw filed last week by one Justin W. Keener. <\/p>\n The SEC opposes the motion because, they say, that 1) The District Court lacks jurisdiction over the\u2026 https:\/\/t.co\/QNnKM6sOgA<\/a> pic.twitter.com\/4qTU1YEYKw<\/a><\/p>\n \u2014 Eleanor Terrett (@EleanorTerrett) April 8, 2025<\/a><\/p>\n<\/blockquote>\n The SEC also pointed out that Keener did not file the appropriate motion to intervene in the case he deemed to involve unlawful conduct by the defendants. They argued that this means that the court cannot consider his request for an emergency stay. They cited other cases where such a motion by the third party without the permission of the court was thrown out of court.<\/p>\n In its reply, the US SEC stated that even if the provided evidence of Keener was relevant, Ripple could decide to present it on its own. The agency suggested that Ripple and its legal team know the kind of documents that are useful in the XRP lawsuit on their own.<\/p>\n The Commission added, \u201cThere does not seem to be any provision that the Request\u2019s filer cannot forward the \u2018evidence\u2019 listed in the Request to the Defendants.\u201d They responded that Ripple could produce any such material if it considered it to be relevant.<\/p>\n The US SEC also reminded the court that a previous request from third parties to submit similar evidence had already been denied. In that instance, Judge Torres ruled that no further intervention from unrelated parties was needed.<\/p>\n Keener, who has faced separate SEC charges in the past, submitted a brief letter claiming he possessed key evidence in support of Ripple.<\/p>\n He said the material could help the defendants and promote \u201cliberty for the American people,\u201d but he did not give specifics.<\/p>\n While some observers believe the evidence may relate to physical investment contracts, Keener has not confirmed this. The document raised questions<\/a> in the Ripple community, especially since the case appears to be nearing an end.<\/p>\n The SEC\u2019s opposition comes after recent announcements that the legal dispute with Ripple is coming to a close. Ripple CEO Brad Garlinghouse confirmed that the XRP lawsuit has officially ended. This followed the SEC\u2019s decision to drop its appeal in the ongoing case. This move boosted optimism since as of now, around 20 XRP exchange-traded funds (ETFs) are reportedly filed with the US SEC.<\/p>\n Despite the news, XRP\u2019s price<\/a> did not show a strong positive reaction. Still, many in the crypto community believe the conclusion of the lawsuit may bring new developments for Ripple.<\/p>\n However basking under the XRP lawsuit dismissal, Ripple recently announced a $1.25 billion deal to acquire Hidden Road<\/a>, a global multi-asset prime broker. This would make Ripple the first crypto firm to own and operate such a platform.<\/p>\nUS SEC Opposes Keener\u2019s Request Over Jurisdiction and Procedure<\/h2>\n
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SEC Maintains Ripple Can Handle Its Defense Without Outside Help<\/h2>\n
Details of Keener\u2019s Emergency Request Remain Unclear<\/h2>\n
XRP Lawsuit Nears Conclusion as SEC Drops Appeal<\/h2>\n
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