XRP Lawsuit Sees New Twist as Keener Reintroduces Evidence Claim

Justin W. Keener has resubmitted a motion in the XRP lawsuit, seeking to introduce evidence that could impact Ripple’s legal battle with the SEC. This new filing challenges the SEC’s interpretation of the Howey test and raises questions about the court’s previous dismissal of similar claims. Keener asserts access to historically undisclosed investment documents, claiming they provide crucial information relevant to long-standing legal debates around investment contracts. This motion adds complexity to the ongoing case against Ripple. Legal experts have reacted cautiously, noting Keener’s lack of formal status in the lawsuit and raising questions about his access to court materials following a previous dismissal for procedural issues. The SEC has already responded to Keener’s initial filing, which was ultimately dismissed without comment on its substance. This new motion follows several recent developments in the case, including the dismissal of Ripple’s case and the SEC and Ripple’s joint motion for an indicative ruling.