XRP News Today: Ripple Evaluates Next Steps After Judge Rejects SEC Motion

Ripple’s legal team swiftly responded to Judge Analisa Torres’s decision to reject the company’s joint motion with the SEC. Chief Legal Officer (CLO) Stuart Alderoty posted a statement on X, indicating that Ripple is now evaluating its next legal steps. Alderoty wrote, “The ball is back in our court.”

With this decision, Ripple has two options: dismiss its appeal challenging the finding on historic institutional sales or proceed with the appeal. Alderoty’s statement suggests that Ripple will carefully consider its next move, but the company’s operations will continue as usual in the meantime.

Despite the court’s ruling, Alderoty emphasized that XRP’s legal status as not a security remains unchanged. This clarification is crucial as it reassures stakeholders and the broader crypto industry that Ripple’s legal standing has not been affected by the court’s decision.

Judge Torres’s rejection of the joint motion means that the parties cannot bypass a final judgment through mutual agreement alone. The court reaffirmed that only a full appellate review or voluntary dismissal of the appeal can alter the outcome. This decision leaves Ripple with the flexibility to choose its next course of action.

Ripple’s stakeholders and the broader crypto industry can take comfort in Alderoty’s message, which underscores the company’s preparedness to navigate either option. By highlighting that normal operations continue and XRP’s status remains secure, Alderoty aimed to reassure both investors and partners.

What remains uncertain is whether Ripple will choose to pursue its appeal or let the existing judgment stand. The inability to sell XRP to institutions in the U.S. could limit the company’s business in the country. However, Alderoty’s message leaves no doubt that Ripple is prepared for whichever course it chooses.