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Home»Ripple»The SEC legal framework is slammed by a new filing in the Ripple case

The SEC legal framework is slammed by a new filing in the Ripple case

Ripple By Gavin01/06/2025
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Ripple CEO Prepares for Supreme Court Showdown with SEC Over.webp
Ripple CEO Prepares for Supreme Court Showdown with SEC Over.webp
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  • Bill Morgan described the surprise third party filing in Ripple’s case against SEC as “unusual”.
  • This submission was submitted before a deadline that could have sparked a debate on the SEC’s crypto position.

Renowned Crypto Lawyer Bill Morgan responded An unusual document filed in the US SEC Ripple Labs Inc. case. Not only because of its date, but also its content, the document shared on 28 May 2025 has attracted interest. Morgan is of the opinion that this new document seeks to depart from standard court arguments. 

SEC Case v. Ripple Takes A New Turn with Personal Filing

You can also find out more about the following: responded A document was filed on 28 May, which has given the case a new unexpected twist. Bill Morgan, lawyer and regular commentator of Ripple’s court battles, has taken to social media with his opinion on this new update.

The case was filed by the U.S. District Court in Southern District of New York. The document was submitted weeks ahead of the deadline of June 16, when the SEC will be expected to submit a status update with the Court of Appeals. 

We previously updated our website. reported The U.S. Court of Appeals Second Circuit has approved a request by Ripple and the Securities and Exchange Commission for a 60-day suspension of the appeal. As a result, most people expected an update or motion by the parties directly involved and not from a third-party.

The court instead received a letter of 26 pages from Justin W. Keener who was not named in the lawsuit. Keener explains in his letter that he is not a party to the case. “Decisive Evidence” The document is in support of RippleLabs Inc., and the claim that it supports the American freedom. 

His submission is also a response to 10 years of nightmare chaos. By comparison, he attacked the SEC’s interpretation and use of the Howey tests. This legal test is used to define what constitutes securities.

Morgan’s post on X characterized the SEC case as a “multi-page rant” and pointed out that the SEC had a very weak legal foundation. He drew attention to the strangeness of the SEC filing, noting that, although legal action was expected in some form, the one he received was unexpected.

Morgan’s comments also match recent Ripple remarks on SEC’s approach. As noted Ripple urged in an earlier press release that the SEC should stop applying outdated laws to crypto-assets like XRP.

Bill Morgan’s Commentary on Unpredictability

Bill Morgan comments on the latest development The unpredictable nature of the Ripple case It has grown. It has become more and more popular in recent years. The court has experienced many delays, motions and procedural twists. 

You can also read about the advantages of using highlighted In a prior report, on April 1, the SEC officially dropped its appeal to Ripple labs. This ended the legal fight that began in December 2020.

Morgan considers that this new filing is unusual and unnecessarily. Morgan also raised eyebrows with the timing of this submission, as the SEC’s status update deadline is fast approaching. 

Morgan’s response shows that the Ripple Case continues to take unexpected turns, even though the court still hasn’t responded to Morgan’s letter. 

It is a submission from a third party, and therefore has no direct impact on the law. It has renewed public discussion about SEC’s strategies and how the public feels towards the case.


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Source: www.crypto-news-flash.com

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