The SEC opposes a request to present new evidence in the ongoing lawsuit against Ripple Labs.
SEC provides three objections to the petition, stating that it cannot be dealt with by the district court due to an ongoing appeal, the petitioner violated proper procedure, and Ripple should be responsible for presenting evidence directly to the court.
The SEC has formally requested Judge Torres to reject the motion for new evidence.
The ongoing legal battle has not hindered the rising trading volume of XRP, with trading volume surpassing $21.62 billion in a single month.