XRP Lawsuit: Mysterious Filing for 'Decisive Evidence' Reappears, Sparking Concerns

Highlights

Justin Keener files to present decisive evidence in the XRP lawsuit for the second time.
Bill Morgan and Marc Fagel raise concerns over Keener's motives.
The court's response will decide the filing's potential impact over the Ripple case.

The XRP lawsuit has taken an unprecedented twist with the reappearance of a mysterious filing, leaving many wondering about the individual’s motives and potential implications for the case. This unexpected and unconventional move has sparked discussion among industry observers, including Bill Morgan and March Fagel. Will this filing overturn the outcome of the Ripple vs SEC case?

XRP Lawsuit Sees Unexpected Filing, Experts Weigh In

As XRP lawyer Bill Morgan pointed out, Justin W. Keener’s mysterious filing that once shook the crypto community has resurfaced. With the same emergency request to present “decisive evidence” in the high-profile XRP lawsuit, Keener refiled the motion on May 28. According to the filing, the mentioned evidence is poised to shift the Ripple case’s outcome in favor of the defendants. Keener states,

I, Justin W. Keener, am not a party to this lawsuit but I certify that I have an interest in its outcome for multiple reasons. For one — by God’s miracle — I hold data and information believed to be decisive evidence to settle controlling questions and matters central to 10 years of nightmarish chaos thrown upon all of us unsuspecting Americans.

Notably, XRP attorney Bill Morgan expressed surprise at the filing. He describes it as an individual’s lengthy critique of the Howey test and its judicial interpretation, particularly regarding investment contracts. Morgan calls it an unexpected move given the recent dismissal of Ripple and the SEC’s joint motion for an indicative ruling and the upcoming deadline for the SEC’s status report.

At the same time, ex-SEC lawyer Marc Fagel noted that the individual had made a second filing in the case, remarking that the SEC had responded to their previous submission. He questions why the court hadn’t restricted their PACER access due to what appeared to be unauthorised filings.

How Will This Mysterious Filing Impact the Ripple vs SEC Lawsuit?

Though Keener’s initial attempt in April 2025 to seek the court’s approval to present the so-called ‘decisive evidence’ in the Ripple case failed, he has reintroduced the motion. Now, the XRP community remains anxious to know about its potential impact on the XRP lawsuit, which remains uncertain. Many anticipate that the court will once again reject the motion, following its previous dismissal due to being deemed “improper.” Significantly, the court’s response to this filing and the SEC’s reaction will likely determine its influence on the case.

Who is Justin W. Keener?

In the XRP lawsuit, Justin W. Keener claims to be the curator of a unique collection of physical investment contracts, which he asserts have been deliberately hidden from public view over the past 50 to 60 years. He reportedly holds a track record of clashing with the SEC back in 2020. He has faced SEC allegations of operating as an unregistered penny stock dealer. In 2022, the court ordered him to pay a penalty of $10.2 million, alleging, “Keener failed to register as a securities dealer with the SEC, or to associate with a registered dealer, when he bought and sold billions of newly issued shares of penny stock from at least January 2015 through January 2018.”

Recommended
Price Analysis

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Nynu V Jamal

Nynu V Jamal is a Senior Journalist at CoinGape. She boasts more than 3 years of experience in content writing, with expertise in crypto and blockchain. She has contributed to platforms like CoinEdition and CryptoTale, demonstrating her proficiency in navigating the dynamic crypto landscape. Beyond her journalistic pursuits, Nynu is a literary enthusiast, having served as an Assistant Professor of English Language and Literature. She is a Master's degree holder in English Literature and a UGC NET qualifier. Her academic background has enabled her to publish research papers on literature, while also nurturing her creative side as a published poet. Her creative side extends to music, crafts, and art, which she actively explores. Her unique blend of analytical and creative skills allows her to craft engaging stories that captivate audiences. Stay updated with Nynu on LinkedIn

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.