The U.S. Securities and Exchange Commission has filed a formal opposition to an emergency motion submitted in the Ripple Labs lawsuit. The motion, introduced last week by investor Justin W. Keener, sought to bring forward what he claimed was decisive evidence that could support Ripple’s defense.
SEC attorney Benjamin Hanauer wrote a letter to Judge Analisa Torres on April 8th, 2025, demanding the complete rejection of the filing. The SEC presented to the court three main reasons that supported their demand for denial.
SEC highlighted that the District Court cannot exercise jurisdiction over the case since it is currently under appeal at the Second Circuit Court. The SEC advised that court precedent prevents the lower court from operating on such matters during active appellate proceedings.
Also Read: Ripple and SEC Dispute Enters New Phase as Conflicting Claims Cloud Case Status
Also, the SEC stated that Keener did not follow proper legal steps since he filed his intervention request outside the accepted motions. Court systems deny acceptance of third-party submissions when those parties fail to follow the established case-joining procedures.
The SEC further described the filing as unnecessary, stating that Ripple can determine whether any new material is relevant to its case. If the evidence is beneficial, Ripple’s legal team can submit it directly.
SEC Pushes Back as XRP Supporters Signal Market Confidence
The development was first reported by Fox Business journalist Eleanor Terrett, who shared the SEC’s filing on social media. According to her post, the SEC clarified that it views the emergency request as improper on every front.
The XRP community released various statements after the update occurred. The SEC’s new action in the lawsuit made many supporters interpret it as a sign that more pressure is building for the legal battle.
Moreover, community members have continued to express positive sentiment toward Ripple’s future. In fact, several pundits have stressed that future market participants would regret not purchasing XRP during its lower valuation.
With the matter now in the hands of Judge Torres, the next decision will determine whether Keener’s evidence can be considered. The SEC is asking for the emergency filing to be dismissed without further review.
Also Read: WazirX Hack Victims Set for Payout After Vote
