. Ripple vs. Sec lawsuit At the next turn, she objected to the non-partia application to provide decisive evidence. SEC has been presented three reasons why the application should not be awarded.
Ripple vs. Sec lawsuit sees a modern refund of the commission
IN X PostJournalist Eleanor Terrett revealed that the Commission had objected to the application for an emergency presentation of decisive evidence in the Ripple vs. SEC in favor of a cryptographic company. Justin W. Keener submitted this request, and the regulator’s notification argued why Analysis of Judge Torres He should not admit it.
First of all, the regulator argued that the request is wrong because Ripple vs. SEC is currently in the appeal in the second circuit. As such, District Court Lack of jurisdiction to intervene in this matter and cannot award the application. The commission cited previous matters that supported this point, how sufficient notification of dismissal got rid of the District Court of Jurisdiction.
Secondly, the Commission argued that Judge Torres should refuse to apply, because Nie-partia, Justin Keener, did not move to intervention in the lawsuit Ripple vs. Sec. The regulator stated that even if the request is seen as an intervention application, the request would still be inappropriate. Sec noticed that the court had already rejected a similar application for intervention submitted by other third parties.
Finally, the regulatory authority argued that the request for intervention should be refused because it is not necessary. Lawyers noticed that nothing stopped Justin Keener from sharing Ripple’s evidence, and not asking to share her court.
The Commission added that the cryptographic company is proper enough to determine whether the evidence will support in their case and should be turned to the court’s attention in the lawsuit ripple vs. Sec. For these reasons, SEC asked Judge Torres to refuse to apply in full.
It is worth mentioning that Keener’s request may also be unnecessary, considering that Ripple and SEC agreed to end Long -term legal battle. Both sides simply finalize some routing procedures before the court is able to take the case.
Keener’s request background
According to Bitcoinist, Justin Keener submitted an emergency request last week provide decisive evidence In the Ripple vs. Sec. Keener revealed that decisive evidence is in favor of a cryptographic company and for freedom for the American people.
Keener did not reveal exactly what this decisive evidence is and how he could exploit Ripple. He suggested, however, that it had something to do with the “data and information” he collected. Journalist Eleanor Terrett mentioned that SEC recently sued Keener for an unregistered stock market dealer, for which the court awarded a fine of over $ 10 million against him.
In this development, it is worth mentioning that the US Senate confirmed Pro-Crypto Paul Atkins as the next SEC chair. Lawsuit ripple vs. Sec will probably be one of his main concentration at his curse when he wants to quickly close the chapter of the legal battle.
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