
Rippleโs CEO, Brad Garlinghouse, recently shared a video celebrating what he called a victory in the long-running legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). While Rippleโs executives have confirmed the case is over, thereโs been no official statement from the SEC, leaving many in the XRP community wondering whatโs really going on.
To add to the mystery, an unexpected filing popped up in the court case. A guy named Justin W. Keener sent an emergency request, claiming he has “decisive evidence” that could help Ripple and support freedom for Americans. But no one knows exactly what this evidence is. Keener says it has something to do with investment contracts heโs been collecting.
When Fox Businessโ Eleanor Terrett looked into Keener, she found out the SEC had recently sued him for being an unregistered penny stock dealer. A court ordered him to pay over $10 million because of it.
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Legal experts arenโt taking his filing seriously. Former SEC lawyer Marc Fagel said itโs basically like spam getting through the courtโs system and will likely be thrown out quickly. He explained that Keener isnโt part of the case and doesnโt have the right to submit evidence.
Some people asked if Judge Analisa Torres might change her decision about Rippleโs liability. Fagel replied that this isnโt possible. โJudge Torres wonโt be asked to, nor will she, โrevokeโ her ruling on liability,โ he said. Instead, both sides will try to adjust the remedies, not the original decision.