SEC Declines Request for Intervening in Ripple Lawsuit

The U.S. Securities and Exchange Commission (SEC) has rejected a request for external intervention in the ongoing Ripple legal proceedings. This decision comes after financial analyst Justin W. Keener filed a motion to present documents purportedly supporting Ripple’s stance. However, the SEC challenged this submission, arguing that it lacked proper legal basis and citing existing court jurisdiction limitations. The SEC cited precedents like New York v. Department of Homeland Security to support their position.