SEC Opposes New Evidence in Ripple Lawsuit

The U.S. Securities and Exchange Commission (SEC) has opposed a request to present new evidence in the ongoing lawsuit against Ripple Labs. Justin W. Keener submitted the petition to Ripple last week to receive evidence backing their defense case against the lawsuit filed by the SEC. Judge Analisa Torres received a letter from the SEC on April 8, 2025, which opposed this request.

The SEC has solidified three important objections regarding this petition. First, the request cannot be dealt with by the district court because the case remains active in its appeal stage within the Second Circuit. Legal precedent prohibits courts from handling remedies and summary judgment proposals after an appeal process starts.

On the other hand, Keener violated proper procedure according to the SEC because he failed to file a motion to intervene. The courts deny entry of outside evidence unless formal intervention applications and court permissions are granted.

The SEC lastly contends that granting the request serves no purpose. Ripple holds the responsibility, according to the agency, to assess whether fresh evidence will be significant to its ongoing case. The evidence should be presented by Ripple to the court rather than a third party, since it might help the company in its case.

The SEC has submitted a formal request to Judge Torres for complete rejection of any such motion. Judge Torres will decide through her authority whether to grant or deny the motion before him.

Since 2020 the SEC has carried out legal proceedings against Ripple Labs. The SEC argued that Ripple obtained more than $1.3 billion from XRP sales. Because the SEC views XRP as an unregistered security. The crypto industry closely followed this lawsuit. Because its resulting decisions will set new guidelines for regulating digital assets in the industry.

In 2023, Ripple won a partial victory when Judge Torres ruled that XRP was not a security when sold to retail investors on exchanges. However, she decided to categorize deals with institutional investors as securities transactions. The court decision was viewed positively for Ripple, although the legal proceedings involving this case continue.

Through social media in March 2025, Ripple CEO Brad Garlinghouse said that the SEC would withdraw its appeal because he labeled it as a “resounding victory” for both Ripple and for the entire crypto market.

As Ripple watches for Judge Torres to decide if she will accept new evidence into the case. The SEC insists on fighting the case with determination as it awaits future court decisions about the case’s outcome. The results of this particular case will create binding legal guidelines about cryptocurrency regulation as well as digital asset definitions in the United States.