- Invoice Morgan referred to as a shock third-party submitting within the Ripple versus SEC case an uncommon.
- Filed earlier than an important deadline, the submission reignited debate over the SEC’s crypto stance.
Famend crypto lawyer Invoice Morgan has responded to an uncommon submitting within the ongoing US SEC v. Ripple Labs Inc. lawsuit. The doc, shared on Could 28, 2025, has drawn consideration not just for its timing but in addition for its content material. Morgan believes the brand new doc makes an attempt to stray from standard courtroom arguments.
SEC v. Ripple Case Takes One other Twist With Private Submitting
The responded case has taken one other sudden flip, with a doc filed on Could 28. Invoice Morgan, a lawyer and frequent commentator on Ripple’s authorized battles, took to social media to share his ideas on the brand new replace.
The doc, marked as Doc #985 in case 1:20-cv-10832, was filed within the U.S. District Court docket, Southern District of New York. It was filed weeks earlier than the June 16 deadline, when the SEC is anticipated to file a standing report with the Court docket of Appeals.
In an earlier replace, we reported that the U.S. Court docket of Appeals for the Second Circuit accredited a joint request from Ripple Labs and the Securities and Alternate Fee to pause the continuing enchantment for 60 days. According to the above, many anticipated some type of movement or replace from the official events concerned, not a third-party submission.
As an alternative, the courtroom obtained a 26-page letter from Justin W. Keener, who isn’t a named get together within the case. Within the letter, Keener presents “Decisive Proof” in favor of Ripple Labs Inc. and claims the doc helps liberty for the American folks.
He additionally describes his submission as responding to 10 years of nightmarish chaos. As compared, attacking the SEC’s use and interpretation of the Howey check. This can be a key authorized normal used to find out what constitutes a safety.
In his submit on X, Morgan described the submitting as a multi-page rant and famous that it closely criticizes the SEC’s authorized foundation for its case. He highlighted the submitting’s oddity, stating that though some authorized motion was anticipated, this was not the shape it was anticipated to take.
Morgan’s response additionally aligns with latest Ripple feedback on the SEC’s strategy to the difficulty. As famous in our earlier information temporary, Ripple urged the SEC to cease making use of outdated guidelines to crypto belongings like XRP.
Invoice Morgan’s Commentary Highlights Unpredictability
Invoice Morgan’s feedback in regards to the latest improvement additional emphasize how unpredictable the Ripple case has change into. Over the previous few years, it has seen quite a few delays, motions, and procedural turns.
As highlighted in a earlier report, in April, the SEC formally dropped its enchantment in opposition to Ripple Labs, ending the authorized battle that began in December 2020.
Primarily based on this improvement, Morgan sees this newest submitting as uncommon and pointless. The timing of the submission additionally raised eyebrows, given the looming standing replace deadline for the SEC.
Whereas the courtroom has not but responded to the letter, Morgan’s response reveals how the Ripple case continues to evolve in sudden instructions.
Regardless of being a third-party submission with no direct authorized affect. The submitting has sparked renewed dialogue across the SEC’s technique and public sentiment towards the case.
