The long-standing legal battle between Ripple and the Securities and Exchange Commission (SEC) of the United States has officially ended, as confirmed by the CEO of Ripple, Brad Garlinghouse, just a few days ago.
Although the announcement was greeted by celebrations among the Ripple supporters and the wider cryptography community, the XRP price failed to react so positively as expected. This mute response has led to increasing anticipation and calls from XRP enthusiasts for an official declaration or confirmation of the SEC.
Adding to the intrigue, an unusual file recently appeared in the Dry VS Ripple file. A man by the name of Justin W. Keener submitted an emergency request to “present decisive evidence in favor of defendants and in favor of freedom for the American people”.
The letter, however, has left many unanswered questions. He does not clearly specify what the so-called “decisive proof” implies or how she would benefit in the case of Ripple. Keener suggests that evidence can be linked to the physical investment contracts it has collected, although the details remain rare.
In response, the SEC filed an opposition to Keener’s request. According to Eleanor Terrett de Fox Business, the SEC arises that the request should be rejected for several reasons. First, they claim that the district court has had no jurisdiction about the issue since the case has gone to the second circuit.
Second, they claim that Keener did not file the appropriate request to intervene in the case. Finally, the SEC maintains that demand is not necessary because Ripple is fully capable of deciding on itself if the evidence in question could be useful.
The SEC now asks judge Analisa Torres to completely reject Keener’s request, arguing that she has no legal position and that the case has already reached a conclusion.
