Altcoins News

Story: Ripple Lawsuit Update: Unexpected Filing Raises Reactions

By MikeT

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Ripple Labs continues to attract attention in its ongoing legal struggle with the U.S. Securities and Exchange Commission (SEC).

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Justin W. Keener, a person with a controversial history, recently submitted an emergency request claiming to possess what he called “decisive evidence” that could support…

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Further investigation into Keener revealed a troubling past. According to a report by Fox Business’ Eleanor Terrett, Keener was recently sued by the SEC for operating as an…

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Marc Fagel, a former SEC attorney, weighed in on the matter, suggesting that Keener’s submission was no more than an unfortunate mistake that would likely be disregarded by the…

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This situation has led some to question whether Judge Analisa Torres, the presiding judge in the case, might reconsider her earlier ruling regarding Ripple’s liability.

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Despite these distractions, Ripple's legal team and its supporters in the XRP community remain focused on the bigger picture.

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As the case moves forward, Ripple’s legal team continues to assert that the company has acted in good faith and that its actions do not constitute the sale of unregistered…

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At this stage, the filing by Keener appears to be little more than a distraction, with little chance of altering the outcome of Ripple’s legal battle.

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