In a surprising twist to the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC), cryptocurrency journalist Eleanor Terrett has reported on a new petition that could influence the case.
The document, marked as “urgent,” calls for the submission of what it describes as “decisive evidence” in Ripple’s favor, emphasizing its significance for “the freedom of the American people.”
The petition was filed by Justin W. Keener, a private individual with no formal connection to the case but who claims to hold information of great importance.
Keener asserts that he possesses confidential data that could expose a troubling situation allegedly affecting the public for the past decade. He describes acquiring this information as almost miraculous.
Despite the bold claims, the petition does not specify the nature of the evidence or its potential impact on Ripple’s defense.
Terrett also uncovered that Keener himself recently faced legal issues, having been sued by the SEC for operating as an unregistered stock dealer. The court’s ruling required him to pay over $10 million in penalties.
Geopolitical conflict rattles markets, but history shows panic selling crypto in response is usually the wrong move.
Bitcoin-focused investment firm Strategy Inc. (formerly MicroStrategy) is facing mounting legal pressure as at least five law firms have filed class-action lawsuits over the company’s $6 billion in unrealized Bitcoin losses.
Digital banking platform SoFi Technologies is making a strong return to the cryptocurrency space, relaunching its crypto trading and blockchain services after stepping away from the sector in late 2023.
Digital assets are gaining ground in corporate finance strategies, as more publicly traded companies embrace cryptocurrencies for treasury diversification.