XRP Lawsuit Rocked by Emergency Motion on Evidence
Ripple Labs and the SEC now have to deal with a fresh filing that changes the current legal match-up while reshaping US securities law interpretations.
On April 2, 2025, a private person named Justin W. Koerner filed an urgent application with U.S. District Judge Analisa Torres. Koerner wants to provide this court decisive evidence to help Ripple and achieve basic freedoms for U.S. citizens.
FOX Business journalist Eleanor Terrett disclosed new information on social media platform X. “On the SEC”s court record with Ripple appear sudden records indicating a “special appeal to present essential evidence backing the defendants” defense and supporting American freedom,” Justin W. Koerner posted.
Koerner Seeks XRP Case Role With Historic Proof
Based on his court filing, Koerner indicates he holds physical investment contracts that he gathered over twenty years. He calls himself the keeper of an original investment contracts collection that contains historical legal definitions of securities unavailable anywhere else.
Koerner proposes to submit certain outcomes from his system The Mainframe if authorities grant him permission. He explained that he would transform the evidence into simple easy-to-understand documents through direct summaries, visual aids, and written publications.
He concluded his argument by stating that his materials came from certified sources making them totally dependable.
The SEC already knows Koerner because of his previous contact with the organization. Recent official documents reveal that the government agency took legal action against him because he operated without needed stock dealer credentials. The federal court required him to pay more than $10 million in that lawsuit.
According to Koerner in this written letter he utilized $15 million to defend himself over 20 years and insists the insights from his investment experience would resolve company governance issues. The date when Koerner filed his complaint stands out as an important timing in this matter.
Ripple Nears Resolution as SEC Retreats from Appeal
The main XRP case appears ready to end because the parties are nearly at a resolution. The SEC ended its opposition against Ripple”s success at court after two weeks. Ripple took a smaller $50 million fine from the SEC after the agency wanted $125 million.
The SEC expects to return $75 million to Ripple as they seek approval from Judge Torres to let Ripple resume selling digital tokens to institutions. In his filing Koerner points to the high court costs Ripple paid when he sets the minimum defense expenses at $175 million with possibly up to $225 million in total case payments.
Instead of waiting until the last minute, Koerner presents his physical investment records dating back 50 to 60 years, which he believes could help reveal how the 1933 and 1934 Acts were meant to work plus the Howey Test”s history.
The court has not given a response to Koerner”s filing at this time and Ripple remains unresponsive about the matter. XRP operates as the primary asset in this case and its current market value stands at $2.0671.
