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Ripple Lawsuit News: Ex-SEC Lawyer Reacts to Unusual XRP Filing by $10M Fined Stock Dealer
The recent unusual filing in the Ripple Labs vs. SEC case has left many in the crypto community perplexed, and an ex-SEC lawyer has weighed in on the situation.
For those who may have missed it, CEO Brad Garlinghouse recently celebrated what he called a victory in the long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). While Ripple’s executives have confirmed the case is over, there’s been no official statement from the SEC, leaving many wondering what’s really going on.
Adding fuel to the fire, an unexpected filing emerged in the court case. Justin W. Keener sent an emergency request, claiming he has “decisive evidence” that could help Ripple and support freedom for Americans. However, it remains unclear exactly what this evidence is, as Keener mentions investment contracts he’s been collecting.
A closer look at Keener reveals some interesting information. The SEC recently took him to court, suing him for being an unregistered penny stock dealer. A judge subsequently ordered him to pay over $10 million due to his actions.
Not surprisingly, legal experts are not taking Keener’s filing seriously. Ex-SEC lawyer Marc Fagel explained that Keener isn’t a part of the case and doesn’t have the right to submit evidence. He likened Keener’s attempt to “spam getting through the court’s system,” stating it will likely be quickly dismissed.
When asked if Judge Analisa Torres might reconsider her decision regarding Ripple’s liability, Fagel emphasized that this isn’t possible. According to him, both sides will focus on adjusting remedies rather than the original ruling.
In conclusion, the unusual filing by Justin W. Keener in the Ripple case has sparked widespread curiosity and skepticism within the crypto community.
Source: https://coinpedia.org/news/ripple-lawsuit-news-ex-sec-lawyer-reacts-to-unusual-xrp-filing-by-10m-fined-stock-dealer/
