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Terrett added:
“Looking further into Keener, it looks the SEC recently sued him for being an unregistered penny stock dealer for which a court has ordered him to pay over $10M.”
In the court filing addressed to Judge Analisa Torres, Keener claimed to hold proprietary information that could resolve key questions in the case, asserting it would be of significant value to Ripple, the crypto industry, and even Congress. He cited his expertise in securities law, including the Howey test and investment contracts, while referencing a curated collection of investment agreements.
Despite the intrigue surrounding Keener’s claims, the filing is unlikely to influence the SEC’s appeal strategy and alter the direction of the case.
XRP Futures Filing Overshadowed by SEC Silence on Appeal Strategy
The April 2 court filing came ahead of the SEC’s Closed Meeting scheduled for April 3. Investors hoped for an SEC vote to withdraw the appeal against the Programmatic Sales of XRP ruling. However, the SEC’s continued silence capped XRP’s April 3 gains.
Separately, Coinbase (COIN) Derivatives announced a filing with the CFTC to self-certify XRP futures:
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