The long-term, legal narrative between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has finally come to a conclusion. The parties agreed to a settlement that excited the cryptocurrency community.
Ripple agreed to pay a $50 million fine, cutting the original $125 million penalty. In return, the SEC demanded that judge Analisa Torres lift the injunction “according to the law” and was forced to register future securities sales with Ripple.
But despite this monumental victory, XRP prices have oddly stagnated, contrary to expectations for a post-settling surge. This puts the XRP community in suspense and is eagerly awaiting official statement from the SEC.
The latest developments have emerged unexpected filings in SEC vs. Ripple Docket. A man named Justin W. Keener filed an urgent request, claiming he had “conclusive evidence in favour of the defendant and conscientious evidence in favor of the liberty of the American people.” The filing is inexplicable and provides little detail about the nature of the evidence, except that it involves the physical investment contracts that Keener is collecting.
🚨new: @secgov vs. @ripple docket, now strange submission – an urgent request to “prove definitive evidence in favor of the defendant and in favor of the freedom of the American people.”
A letter from a man named Justin W. Keener doesn’t make the so-called …pic.twitter.com/aqsdfiw6gi clear
– Eleanorterrett (@Eleanorterrett) April 3, 2025
But here’s a twist. Keener is not just a random person in the crypto space. The SEC recently sued him for acting as an unregistered penny stock dealer, and the court ordered him to pay more than $10 million in damages.
So, what is the transaction? Is this an attempt to shake the court in Ripple’s favor, or is it another distraction in an already complicated legal landscape? The crypto world is closely watched, and the dissatisfaction of the XRP community is obvious.
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