A surprising new file appeared on the XRP claim between the US Securities Committee and the American Stock Exchange (SEC) and Ripple Labs, and promised what its author calls “decisive evidence” in favor of the defendants and the broader “freedom of the American people”.
The Fox Business newspaper, Eleanor Teret, destroyed the news via X. Teret indicated that the message was presented by a man named Justin and. Corner.
According to Terrett, Koerner “does not explain the so -called” decisive evidence “or how Ripple will benefit, but the hints are related to the material investment contracts that it collects. Given more cakes, SEC appears to be filed a lawsuit against him recently because he is from an unregistered stock dealer in Penny who requested it from the court to pay more than $ 10 million.”
The XRP suit shared by this emergency deposit
On April 2, 2025, letter Addressed to the American boycott judge, Anjia Torres. In this, Koerner describes himself as the owner of “what is more likely to be the well -known investment contract group,” adding that his initial motivation to collect these documents was “for deeper search purposes.”
He claims that the information in these concrete contracts has the ability to highlight the decisive aspects of the Securities Law – which he believes is “it will be huge and valuable for the defendants and the broader encryption industry.”
Corner also declares that “in an exceptionally unique and qualified situation, and his deep education in these matters.” Emphasizing that his intention is not only to help with ripples but the lining of what he calls “freedom for the American people”, requires permission from the court to present part of these royal data.
According to the deposit: “If it is allowed, we will choose and send part of the data, information and analyzes created by our system, which is central. This total total from five to 10 pages may be in informal format that can be reviewed and understood quickly. This will include some definitions, summaries, bullet points, images, articles, posts, and ideals.
He also confirms that while the extraordinary nature of his request is estimated at this later stage of litigation, his articles “believed to be decisive evidence he has not provided before.” From Koerner’s point of view, cash discrimination lies in the material possession of old investment contracts that “has disappeared 50 to 60 years ago”, allowing him to collect a “clear understanding” of the definitions of securities, Howey test, and the actions of 1933-1934.
The Koerner file is just like the appearance of a long -term XRP suit of decision. Two weeks ago, SEC dropped its appeal against the former court Ripple victory. For its part, Ripple agreed to pay a reduced fine of $ 50 million – a sharp drop in the $ 125 million that was initially discussed – while SEC was committed to returning the remaining $ 75 million. Both parties withdrew their appeal, and the Supreme Education Council asked the court to file a judicial order in the future institutional sales of Ripple. All of these measures are waiting for the final login from Judge Torres.
Koerner’s speech indicates the amazing legal costs incurred by Ripple – through its estimate, at least $ 175 million in defense fees alone, with the possibility of paying an additional $ 50 million as part of its newly exposed settlement – which makes the joint amount “at least $ 225,000,000 according to approximate estimates.”
Corner also sheds light on a large financial burden, after spent about $ 15 million on legal defense on his SEC issue. And he confirms that his personal research on the definition of security, which is formed by “more than 20 years of experience while investing in several hundreds of companies”, may be a vital key to solving “10 years of nightmare.”
At the time of the press, XRP was traded at $ 2.0671.
Distinctive image created with Dall.e, Chart from TradingView.com
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