Ripple’s legal team wasted no time offering a public response following 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, signaling that the company is now considering its next legal move. Alderoty wrote, “The ball is back in our court.” With this, the ball is back in our court. The Court gave us two options: dismiss our appeal challenging the finding on historic institutional sales—or press forward with the appeal. Stay tuned. Either way, XRP’s legal status as not a security remains unchanged. In the meantime,… https://t.co/edHNbMzYbZ — Stuart Alderoty (@s_alderoty) June 26, 2025 Business as Usual for Ripple 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. While the ruling maintains the current legal framework, Alderoty made it clear that Ripple still retains control over how it proceeds. In his statement, Alderoty summarized the choice ahead. 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. His tone suggested that the decision would be made carefully but without urgency, disrupting Ripple’s operations. “In the meantime, it’s business as usual,” he wrote. XRP’s Legal Status Remains Intact 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.” Notably, Alderoty made the same clarification after the court rejected their first joint motion . We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 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. Ripple’s Next Steps 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. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Ripple CLO on XRP Lawsuit: “The Ball Is Back in Our Court” appeared first on Times Tabloid .
