The longstanding legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has finally concluded, according to Ripple CEO Brad Garlinghouse. Despite the announcement, the XRP price did not experience the expected surge, leading to calls from XRP enthusiasts for clarification from the SEC.
In a surprising twist, a man named Justin W. Keener filed an emergency request in the SEC vs. Ripple docket, claiming to have “decisive evidence” in favor of Ripple and the American people’s liberty. However, the specifics of this evidence remain vague, with Keener hinting at physical investment contracts he has collected.
The SEC has responded by opposing Keener’s request, citing reasons such as the case being outside the District Court’s jurisdiction since it has moved to the Second Circuit. They also argue that Keener did not follow the correct procedure to intervene in the case and that Ripple should be able to determine the relevance of the evidence on its own.
The SEC is now urging Judge Analisa Torres to dismiss Keener’s request, stating that it lacks legal merit and that the case has reached a resolution. This development adds another layer of complexity to the already convoluted legal saga between Ripple and the SEC.
Overall, the conclusion of the Ripple-SEC legal battle marks a significant milestone for both parties, but the aftermath continues to be mired in uncertainty and intrigue. Stay tuned for further updates as the situation unfolds.