The U.S. SEC has filed a new motion in the Ripple lawsuit, indicating that the case is still under appeal
Golden Finance reports that the U.S. Securities and Exchange Commission (SEC) has filed a new motion opposing the emergency request by non-party Justin W. Keener to submit "decisive evidence" in favor of the defendant in the Ripple case. The SEC believes that since the case has been moved to the Second Circuit Court, the district court has lost jurisdiction and therefore cannot accept Keener's request. In addition, the SEC pointed out that Keener did not comply with appropriate legal regulations because he did not file a formal motion for intervention.
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