Despite a recent legal setback in its ongoing battle with the SEC, Ripple remains optimistic about reaching a final resolution. On May 15, 2025, U.S. District Judge Analisa Torres denied Ripple’s joint motion to settle the case and reduce Ripple’s civil penalty from $125 million to $50 million. The judge explained that the motion was denied solely on procedural grounds, as it failed to adhere to the correct legal process outlined in Rule 60 of the Federal Rules of Civil Procedure. However, Judge Torres made clear her lack of critique regarding a potential settlement or the reduction of penalties, stating that the court simply found the motion lacking. Ripple’s Chief Legal Officer Stuart Alderoty responded to this ruling on X (Twitter), emphasizing that it does not alter Ripple’s previous wins in the case, as XRP remains legally classified as a non-security. He also clarified that the motion was rejected for procedural reasons, not due to any substantive changes in either party’s stance. 2023 saw a key legal victory when the court ruled that XRP is not a security. Ripple and the SEC are both committed to resolving this case through the proper legal channels. Alderoty stated that both parties have agreed on the desired outcome and will revisit the issue with the court accordingly. Ripple’s overall attitude remains calm despite market sentiment fluctuations, as the Judge’s ruling has been characterized as a technical denial, not a rejection of the substance at the core of the case. The legal process is likely to continue, but this delay will not alter Ripple’s position on the XRP matter. Ripple and the SEC remain steadfast in their shared goal of reaching a definitive resolution, with no significant change expected from either party.