SEC Upholds Procedure, Keeps Ripple Case Focused on Appeal Track
- SEC confirms Ripple case focus is now on appeal, asks lower court to deny filing
- Regulator cites lack of district court jurisdiction during Second Circuit review
- Context: Upholding procedure keeps case on appeal track, preventing lower court lag
The ongoing Ripple vs. SEC legal case has clearly moved its focus to the appellate stage, as confirmed by the US regulator this week. The SEC asked District Judge Analisa Torres to reject an attempt by an outside party to introduce new evidence, arguing the lower court no longer has jurisdiction over the key matters under review.
SEC Cites Appellate Jurisdiction in Keener Filing Objection
In a letter to Judge Torres, the SEC requested the denial of an “emergency request to present decisive evidence.” This request originated from Justin W. Keener, reportedly an individual previously sued by the SEC on other matters.
The SEC argued Keener’s filing was improper procedurally and that the court lacks the authority to consider it now.
Upholding Procedure During Appeal
The SEC’s main point, filed…
The post SEC Upholds Procedure, Keeps Ripple Case Focused on Appeal Track appeared first on Coin Edition.
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SEC Upholds Procedure, Keeps Ripple Case Focused on Appeal Track
- SEC confirms Ripple case focus is now on appeal, asks lower court to deny filing
- Regulator cites lack of district court jurisdiction during Second Circuit review
- Context: Upholding procedure keeps case on appeal track, preventing lower court lag
The ongoing Ripple vs. SEC legal case has clearly moved its focus to the appellate stage, as confirmed by the US regulator this week. The SEC asked District Judge Analisa Torres to reject an attempt by an outside party to introduce new evidence, arguing the lower court no longer has jurisdiction over the key matters under review.
SEC Cites Appellate Jurisdiction in Keener Filing Objection
In a letter to Judge Torres, the SEC requested the denial of an “emergency request to present decisive evidence.” This request originated from Justin W. Keener, reportedly an individual previously sued by the SEC on other matters.
The SEC argued Keener’s filing was improper procedurally and that the court lacks the authority to consider it now.
Upholding Procedure During Appeal
The SEC’s main point, filed…
The post SEC Upholds Procedure, Keeps Ripple Case Focused on Appeal Track appeared first on Coin Edition.
Read More