Ripple’s Chief Legal Officer (CLO), Stuart Alderoty, has broken his silence following a court decision that dismissed a joint motion filed by Ripple Labs and the U.S. Securities and Exchange Commission (SEC). The motion, which was rejected on May 15, 2025, by U.S. District Judge Analisa Torres, sought an indicative ruling regarding the reduction of Ripple’s $125 million civil penalty and the removal of certain restrictions imposed in the August 2024 judgment.
Judge Torres ruled the motion “procedurally improper,” citing Rule 60, which mandates the demonstration of “exceptional circumstances” for such requests. The rejection, however, does not alter the fundamental legal victories Ripple has achieved thus far, notably the court’s determination that XRP is not a security. Alderoty reassured the crypto community by stating, “Nothing in today’s order changes Ripple’s wins,” emphasizing that the ruling was focused solely on procedural issues related to Ripple’s cross-appeal.
The motion had been a collaborative request from both Ripple and the SEC, with both parties describing the proposed adjustments as “fair and reasonable.” However, Judge Torres found that the legal steps followed in the motion were flawed. Alderoty echoed this sentiment, noting that the decision was based on procedural concerns rather than the merits of the case itself.
Despite the setback, Alderoty remained optimistic, commenting that Ripple and the SEC are “fully in agreement to resolve this case” and will continue to engage with the Court to address the matter. He expressed hope that the case could be brought to a resolution soon, prompting a wave of mixed reactions from the crypto community.
In response to Alderoty’s update, some users voiced their frustrations. One commenter, @BenBrow63393296, lamented the ongoing delays, writing, “Every month they say it’s over, then they say it’s all over but this little thing. It’s the same every month.” Another user, @Crypto_0wl, criticized the procedural misstep, asking, “How did you guys screw this up?? You fight for 5 years and spend a few hundred million dollars and get denied due to improper procedure!!”
The news also had an immediate impact on XRP’s price, which dropped 4.68%, falling to $2.44. According to TradingView charts, XRP encountered resistance at the $2.55 mark and is now testing a support zone around $2.23. The ongoing legal saga continues to affect market sentiment surrounding the cryptocurrency.
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