New Twist in Ripple SEC Case As Penny Stock Dealer Claims Evidence

Keener wrote, adding that his proprietary information could be of “tremendous interest and value to the defendants and the broader crypto industry.”

Written By:
Dishita Malvania

Reviewed By:
Dhara Chavda

New Twist In Ripple Sec Case As Penny Stock Dealer Claims Evidence

In a strange twist in the ongoing SEC vs. Ripple lawsuit, a man recently sued by the Securities and Exchange Commission has filed an emergency letter with the court, claiming to possess “decisive evidence” that could clear Ripple Labs and somehow defend the liberty of the American people.

The filing, submitted by Justin W. Keener and timestamped April 3, appears in the Southern District of New York under Case 1:20-cv-10832-AT-SN and was marked Document 981 in the Ripple docket.

Keener, who is not a party to the lawsuit, claims in the letter that he holds “data and information believed to be decisive evidence to settle controlling questions” that have plagued Americans for over a decade. While vague on details, the letter hints at something to do with physical investment contracts Keener has allegedly been collecting — though how they relate to Ripple or how they would aid its defense remains entirely unclear.

“By God’s miracle, I hold data and information… central to 10 years of nightmarish chaos thrown upon all of us unsuspecting Americans,” Keener wrote, adding that his proprietary information could be of “tremendous interest and value to the defendants and the broader crypto industry.”

But Keener’s involvement in the case raises eyebrows for another reason.

According to recent court records, the SEC previously sued Keener himself for operating as an unregistered penny stock dealer. In that separate case, a court ordered him to pay over $10 million in penalties. That enforcement action significantly undermines the credibility of his unsolicited intervention.

The document, which appears to be connected to a site titled “TheHoweyTest.com,” was filed through the court’s Pro Se Office, which allows individuals to file documents without a lawyer.

So far, neither the SEC nor Ripple has responded to Keener’s filing, and it’s unclear whether the court will take his claims seriously or even acknowledge them.

The Ripple case, which has become one of the most closely watched crypto enforcement actions in the U.S., continues to draw strange entries and intense public attention. With Keener now entering the scene with cryptic claims and a controversial track record, this latest twist adds yet another layer of drama to an already complex legal battle.

Also Read: SEC to Withdraw Kraken Lawsuit with No Penalties


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Dishita Malvania is a Crypto Journalist with 3 years of experience covering the evolving landscape of blockchain, Web3, AI, finance, and B2B tech. With a background in Computer Science and Digital Media, she blends technical knowledge with sharp editorial insight. Dishita reports on key developments in the crypto world—including Litecoin, WazirX, Solana, Cardano, and broader blockchain trends—alongside interviews with notable figures in the space. Her work has been referenced by top digital media outlets like Entrepreneur.com, The Independent, The Verge, and Metro.co, especially on trending topics like Elon Musk, memecoins, Trump, and notable rug pulls.
Dhara Chavda is a Content Strategist and Research Analyst with 5 years of experience in the crypto industry. She holds a Bachelor’s degree in Computer Engineering and brings a strong technical perspective to her work. Dhara specializes in DeFi, price analysis, and the core mechanics of cryptocurrencies. She also works on crypto news, including research, analysis, and assigning stories, ensuring accurate and timely coverage of key developments in the space.