The post New Twist in XRP Lawsuit? Evidence Filed, But SEC Expert Calls It “Spam” appeared first on Coinpedia Fintech News
The XRP lawsuit has been full of unexpected twists, keeping the crypto world on its toes. Just when things seemed to be settling, a surprise filing has sparked fresh debate—and confusion. Someone has stepped in, claiming to have “decisive evidence” that could support Ripple’s case.
But is it the game-changer it sounds like, or just noise? Here’s what actually happened—and why it may not matter as much as it seems.
Will Judge Torres Change The Verdict?
Despite the sudden buzz, former SEC lawyer Marc Fagel has made it clear that the court’s ruling is unlikely to change. He stated that Judge Analisa Torres’ earlier decision on XRP will not be reversed.
His comments come as many people in the crypto world are still trying to figure out whether this new filing could lead to a major shift in the case.
According to Fagel, the case has moved past the question of whether XRP is a security. Now, the focus is on what penalties and remedies should be applied. That means the main ruling is expected to remain the same, even though the legal process isn’t completely over.
This has helped settle some of the speculation and suggests that both sides are now working on final steps rather than challenging past decisions.
The Mysterious Filing That Got Everyone Talking
Adding more drama to the case, a man named Justin W. Keener recently submitted a filing to the court. He claimed to have “decisive evidence” that could help Ripple and benefit American citizens. However, he didn’t include any actual details about this evidence.
The filing quickly became a topic of discussion, with some wondering if it could change the direction of the lawsuit. But Marc Fagel dismissed it entirely. He called the filing “spam” and explained that Keener has no legal role in the case, meaning the court is unlikely to even consider it.
Impact On XRP Price
Even without any major legal changes, the news that the lawsuit is moving toward its conclusion has had a positive effect on XRP’s price. It recently jumped nearly 5%, reaching around $2.15.
Right now, XRP is trying to stay above the key $2 support level. If it holds, the price could rise to the $2.50–$3.00 range. But if it falls below $2, there’s a risk it could drop further to around $1.20.
Although the lawsuit still has some steps left, it seems unlikely there will be any major surprises—despite unusual filings like Keener’s. With the core ruling likely to stay in place and both parties focusing on final penalties, the end of the case appears to be getting closer.
