XRP News Today: Ripple Evaluates Next Steps After Court Rejects Joint Motion With SEC

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.”

Following the court’s decision, Ripple has two options: dismiss its appeal challenging the finding on historic institutional sales or proceed with the appeal. Alderoty’s statement underscores Ripple’s control over the next move, emphasizing that XRP’s legal status as not a security remains unchanged. This decision does not disrupt Ripple’s operations, as Alderoty noted, “In the meantime, it’s business as usual.”

Alderoty’s remarks come after the court declined the parties’ joint motion to modify the previous ruling that imposed a $125 million penalty and placed a permanent injunction preventing Ripple’s institutional XRP sales. Despite this, Alderoty made it clear that Ripple still retains control over how it proceeds. The court’s ruling maintains the current legal framework, but Ripple can either withdraw its appeal challenging the court’s earlier finding on past institutional sales or continue pursuing that appeal through the Second Circuit. Alderoty’s tone suggested that the decision would be made carefully but without urgency.

A key point Alderoty emphasized is that the judge’s ruling does not affect XRP’s legal classification in the U.S. He noted that “XRP’s legal status as not a security remains unchanged.” This clarification was also made after the court rejected their first joint motion. Alderoty’s comments capture Ripple’s current position. While the court rejected the joint effort to resolve certain elements of the case without completing the appeals process, it left the decision to press forward entirely in Ripple’s hands. Alderoty’s post reflects confidence that the company is well-prepared to navigate either option.

Judge Torres’s rejection of the motion clarified that parties cannot sidestep 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. The statement also serves as a signal to Ripple’s stakeholders and the broader crypto industry that the company remains steady despite the setback. 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. The legal battle has been closely watched by industry participants and regulators alike. The outcome could have far-reaching effects on the cryptocurrency market, influencing how other digital assets are classified and regulated. Ripple's legal team has been diligent in their defense, and Alderoty's recent statement indicates that they are ready to take the next steps in the legal process.