{"id":42553,"date":"2025-05-16T20:00:20","date_gmt":"2025-05-16T17:00:20","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=42553"},"modified":"2025-05-16T17:52:39","modified_gmt":"2025-05-16T14:52:39","slug":"ripple-issues-statement-on-new-court-decision-legal-victory-remains-intact","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/ripple-issues-statement-on-new-court-decision-legal-victory-remains-intact\/","title":{"rendered":"Ripple Issues Statement on New Court Decision: Legal Victory Remains Intact"},"content":{"rendered":"

The Ripple community<\/strong><\/a> is requesting greater transparency regarding procedural issues after the court rejected the proposed settlement between Ripple and the U.S. Securities and Exchange Commission (SEC)<\/strong>. The court\u2019s decision came following the denial of the joint motion submitted by both parties.<\/p>\n

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Table of Contents<\/p>\nToggle<\/span><\/path><\/svg><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n

  • Ripple: Court Rejection Does Not Affect the Won Case<\/a><\/li>
  • Why Did the Court Deny the Motion?<\/a><\/li>
  • Uncertainty Sparks Reaction in XRP Community<\/a><\/li>
  • Political Speculations Around XRP Also Emerge<\/a><\/li><\/ul><\/nav><\/div>\n

    <\/span>Ripple: Court Rejection Does Not Affect the Won Case<\/span><\/h2>\n

    Stuart Alderoty, head of Ripple\u2019s legal team, stated that the rejection by Judge Analisa Torres of the U.S. District Court for the Southern District of New York does not invalidate Ripple\u2019s gains in the XRP case. Alderoty emphasized that the ruling confirming XRP is not a security<\/strong> remains valid.<\/p>\n

    Ripple had announced the conclusion of the lawsuit on March 19. However, on May 15, the court rejected the joint motion for \u201cpreliminary approval\u201d by Ripple and the SEC due to procedural deficiencies.<\/p>\n

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    Nothing in today\u2019s order changes Ripple\u2019s wins (i.e. XRP is not a security, etc). This is about procedural concerns with the dismissal of Ripple\u2019s cross-appeal. Ripple and the SEC are fully in agreement to resolve this case and will revisit this issue with the Court, together. https:\/\/t.co\/vBQdBD3FNe<\/a><\/p>\n

    — Stuart Alderoty (@s_alderoty) May 15, 2025<\/a><\/p><\/blockquote>\n