The legal battle surrounding XRP has taken an unexpected turn as a mysterious figure – Justin W. Keener – returns to the spotlight, once again submitting a request to present what he calls “decisive evidence.” His unusual filing has caught the crypto community and legal observers off guard, sparking new speculation about his motives, credibility, and the potential impact on the long-standing Ripple vs. SEC case.

Keener’s latest motion, filed on May 28, claims to contain information that could dramatically shift the outcome in Ripple’s favor. Whether this is a legitimate breakthrough or a distracting stunt remains to be seen.

Well-known XRP attorney Bill Morgan expressed surprise over the filing, describing it as “emotionally charged” and filled with heavy criticism of the Howey Test, the legal standard used to determine what qualifies as an investment contract in the U.S.

Keener writes in his filing:

“I, Justin W. Keener, am not a party to this case, but I have a vested interest in the outcome for several reasons. By what I can only call a miracle, I am in possession of data and information that I believe is decisive in resolving key issues at the heart of a 10-year nightmare of chaos being unleashed upon unsuspecting American citizens.”

Despite the dramatic tone, legal experts remain skeptical. Marc Fagel, a former SEC lawyer, pointed out that this is not Keener’s first attempt to interfere in the case and noted that the SEC has previously responded to his submissions. He also questioned why Keener still has access to the PACER court system, given the seemingly unauthorized nature of his filings.

Another Attempt at Influence: Will the Court Even Consider It?

Although the court previously rejected Keener’s April 2025 motion to submit “decisive evidence” as “inappropriate,” he has now refiled it. His timing is noteworthy – it comes shortly after the court denied a joint request by Ripple and the SEC for a preliminary ruling and just before the SEC is scheduled to submit a critical update on the case.

Whether the court chooses to ignore or review Keener’s latest motion remains uncertain. In either case, the court’s response and the SEC’s reaction will likely determine if this filing will have any real influence on the case’s trajectory.

Keener claims to be the custodian of a unique archive of physical investment contracts, which he believes have been intentionally hidden from the public for the past 50 to 60 years. He suggests these documents could expose long-standing manipulation within the financial system.

However, Keener is far from an impartial whistleblower. In 2020, the SEC charged him with acting as an unregistered dealer of penny stocks. A federal court ordered him to pay $10.2 million in penalties in 2022, stating that from 2015 to 2018, he bought and sold billions of shares of newly issued penny stocks without registering as a dealer or working through a registered broker.

🔍 What Happens Next? Ripple and SEC Brace for Impact

It’s still unclear whether Keener’s latest motion will have any measurable effect on the XRP lawsuit. So far, it seems more like a disruptive sideshow than a genuine legal threat. However, the timing and persistence of his efforts have certainly drawn attention.

Now, all eyes are on the court and the SEC to see how they handle this strange and provocative twist in one of crypto’s most high-profile legal battles.



#SEC , #Ripple , #RippleVsSEC , #Regulation , #Cryptolaw

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