3rd April marks an important date in the SEC vs Ripple tussle. Today the court case takes a new juncture with a new emergency filing. Investors are hooked to the case. They are eager to understand how the case affects the assets held by them already.
Meanwhile, the news of new US tariffs flowing in might complicate things further.
SEC vs Ripple news today
The biggest xrp lawsuit update today may shock you. Justin Keener filed a request to present “decisive evidence” in favor of the defendants on 3rd April. However, he’s yet to clarify the contents of the evidence folder. But sources say that his collection could include excerpts from physical investment contracts.
He was bashed by the SEC for acting as a non-registered penny stock dealer. The court also asked him to pay a fine of $ 10 million.
He made a voluntary entry in the court, addressing Judge Analisa Torres directly. Once allowed to speak, he said that his proprietary docs could contain data that answers the main questions that the courts raise.
SEC vs Ripple settlement
The court kept the SEC case under suspension for 2 months. Meanwhile investors were hoping that a settlement couldbe around the corner. But things changed recently.
Notably, the SEC sued Ripple for an insurmountable unregistered securities offering that totaled $1.3 billion. Initially, Ripple held a leading stance in the case. The court ruled that XRP was not a real security when the retail investors bought shares of the coin.
What Now?
After Keener’s move, there’s greater interest around the court duel now. The main issue in the SEC vs Ripple case today is whether the new filings can change the trajectory of the court’s motion. Meanwhile, there are even greater rumors around the SEC’s position. Sources say that the SEC can withdraw their claim that accused XRP of unregistered programmatic sales.
The new hopes around XRP have been triggered further with Coinbase promising to offer a regulated platform for investors who are planning to bid on this asset! What have you done with your XRP assets?
