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New Development in SEC-Ripple Drama Raises Eyebrows
The situation surrounding the Ripple v. SEC case has taken a dramatic turn, as the U.S. Securities and Exchange Commission (SEC) has filed an opposition to the odd emergency request. This unexpected move has raised eyebrows in the crypto community, given the recent developments.
According to sources, the agency claims that the request is “improper” because the case has moved to the US Court of Appeals for the Second Circuit. Consequently, the Southern District Court of New York lacks jurisdiction over the aforementioned request.
The SEC has also noted that Keener has not filed a motion to intervene in the case. Moreover, they deem the request unnecessary since the filer can simply share evidence with Ripple instead.
This development may have significant implications for the future course of the case and its potential outcome. The community is eagerly waiting to see how this situation will unfold.
Please note that there has been no official announcement from the SEC or Ripple regarding any changes in their stance on the ongoing legal battle.
Source: https://u.today/new-development-in-sec-ripple-drama-raises-eyebrows
