$XRP Latest Update – April 4, 2025 | New York
The Ripple vs. SEC case has taken an unexpected turn. On April 3rd, a surprise emergency filing captured the attention of both investors and the crypto community. With growing concerns over U.S. tariffs and macroeconomic policy, this legal twist could have far-reaching implications for risk assets like #Xrp🔥🔥
At the center of this development is a filing from Justin W. Keener, who’s seeking permission to submit what he calls “decisive evidence” supporting Ripple. While the exact nature of the evidence is still unclear, Keener suggests it involves physical investment contracts he’s compiled. Notably, Keener has his own history with the SEC—he was previously fined over $10 million for operating as an unregistered dealer in penny stocks.
In a letter to Judge Analisa Torres, Keener claims his proprietary information could answer critical questions in the case—potentially influencing not just Ripple’s outcome, but broader regulatory perspectives and even Congressional discussions. Despite this, legal experts remain doubtful it will alter the SEC’s appeal plans or change the case’s overall direction.
Meanwhile, the SEC held a Closed Meeting on April 3rd, prompting speculation about a potential vote to drop the appeal concerning XRP’s programmatic sales. The Commission has not commented on its intentions, and the uncertainty has kept XRP’s price action relatively subdued.
In a separate development, a crypto exchange has filed with the CFTC to self-certify XRP futures, aiming to launch a regulated product on April 21st. If approved, this could open the door for increased institutional interest.
As legal drama continues to swirl, XRP is trading at $2.05—up 1.97% on the day. The modest gain signals some recovery from earlier losses, suggesting that investor sentiment is holding steady for now. However, broader economic pressures, including trade policies and Fed decisions, continue to weigh on the asset’s trajectory
