Prominent attorney Bill Morgan provides insight on the next steps for Ripple and the U.S. Securities and Exchange Commission (SEC) after District Court Judge Analisa Torres rejected their settlement proposal. Judge Torres denied the joint request, citing procedural issues, jurisdiction limitations, and a lack of compliance with Rule 60, which governs relief requests from final judgments. Although the court’s decision focused solely on procedure, Ripple attorney Bill Morgan asserts that the settlement agreement remains valid and enforceable. 2 potential case scenarios for Ripple and the SEC: Morgan details possible future actions, including seeking relief from Judge Torres through a limited remand request to the Court of Appeals. If granted, both parties could then file motions for specific relief they had initially agreed upon. He also suggests that the dissolution of the injunction and reduced civil fine payment ($50 million) could pave the way for filing motions with the Second Circuit Court to dismiss the appeal and cross-appeal. Finally, Morgan suggests another joint motion by both parties as a procedural option. Attorney Stuart Alderoty, Chief Legal Officer at Ripple, echoes this stance. He expressed confidence in collaboration between Ripple and the SEC to address concerns raised by Judge Torres. While the judge’s order doesn’t impact XRP’s classification as a non-security asset, it does signal potential changes in the ongoing legal battle. Ripple and the SEC remain committed to resolving their case and will address this procedural challenge together.