The long-running Ripple vs. SEC lawsuit has taken a bizarre turn with the resurfacing of a mysterious filing by Justin W. Keener. The filing, submitted on May 28, has reignited debate among legal experts and XRP enthusiasts alike, sparking questions about whether it could truly influence the lawsuit’s outcome.
Surprise Motion Promises “Decisive Evidence”
Crypto lawyer Bill Morgan was among the first to spotlight the return of Keener’s motion, which originally surfaced in April 2025. Once dismissed as “improper,” the filing has now re-emerged with an emergency request to submit what Keener describes as “decisive evidence.” In his statement, Keener—who is not a party to the case—claims divine inspiration and asserts that the information he holds could resolve “controlling questions” that have plagued the U.S. financial system for over a decade.
Morgan expressed skepticism, describing the document as an elaborate critique of the Howey test and its application to investment contracts. This comes amid Ripple and the SEC’s recent joint procedural developments, which had shifted focus away from dramatic court filings.
I was expecting some filing in the SEC v Ripple case given what happened to the last motion that was dismissed two weeks ago, especially given that the 60 day period which the parties have before the SEC is required to file a status report with the court of appeals expires on 16… pic.twitter.com/I250sVGKLx
— bill morgan (@Belisarius2020) May 29, 2025
SEC Veteran Raises Concerns Over Unauthorized Access
Former SEC attorney Marc Fagel also weighed in on the development, questioning how Keener managed to file a second submission after the initial one was dismissed. Fagel pointed out that the SEC had already responded to Keener’s earlier filing and suggested the court should have revoked his PACER access due to the unauthorized nature of these motions.
Despite the intrigue, many experts believe the court will likely dismiss the latest filing, as it did previously. Still, the court’s reaction—and whether the SEC chooses to respond again—will be closely watched.
Also Read: XRP to $60,000? Viral Rumor of Secret U.S. Bill Proven False
Who Is Justin W. Keener and Why Does It Matter?
Justin W. Keener is no stranger to the SEC. In 2020, he was accused of illegally operating as an unregistered penny stock dealer and was fined $10.2 million in 2022. Now, he claims to possess a hidden collection of physical investment contracts, which he believes hold the key to dismantling long-standing regulatory interpretations.
Whether his dramatic intervention gains traction remains to be seen—but for now, it adds yet another unpredictable twist to the ever-evolving XRP legal saga.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
