SEC Dismisses Ripple Intervention Request, Signaling Case’s Final Stages

The U.S. Securities and Exchange Commission (SEC) has rejected Ripple’s request for an emergency intervention in the ongoing legal case. The SEC argued that the application from financial analyst Justin W. Keener lacked legal basis and was unauthorized by the court, resulting in its rejection of the intervention attempt. Meanwhile, the case now faces further review as it has been transferred to the Second Circuit Court of Appeals.