Ripple vs. SEC: Legal Paradox Raises Questions About Case’s Future

A surprising development has thrown light on the ongoing Ripple lawsuit against the U.S. Securities and Exchange Commission (SEC). The agency has formally confirmed that the case is now fully in the appeal phase, with the Second Circuit Court of Appeals reviewing its decision. This move comes after Justin Keener, a figure previously targeted by the SEC for legal issues, submitted an unexpected filing seeking “decisive evidence” in the case. However, the SEC argues this request is inappropriate as it conflicts with the current appeal process and lacks jurisdiction within the District court.