Ripple stated that the latest ruling will not affect its legal victory.

Source: Cointelegraph Original: "Ripple States Latest Ruling Will Not Affect Its Legal Victory"

The Chief Legal Officer of Ripple stated that the U.S. court's rejection of the settlement proposal with the Securities and Exchange Commission ( SEC ) regarding Ripple's digital currency ( XRP ) will not threaten Ripple's chances of winning the case.

According to the document dated May 15, Judge Analisa Torres of the U.S. District Court for the Southern District of New York denied the motion for a declaratory judgment regarding the settlement proposal jointly submitted by Ripple and the SEC.

Stuart Alderoty, the Chief Legal Officer of Ripple, stated that this dismissal does not overturn the company's victory in the case. The company announced the conclusion of the lawsuit on March 19.

Alderoty emphasized that the latest court ruling does not change the fact that Ripple (XRP) is not a security, and he further clarified that this dismissal is related to "procedural issues concerning Ripple's cross-appeal dismissal."

According to court documents, Judge Torres dismissed the motion on the grounds of "procedural impropriety" because the SEC( failed to submit the proper procedural motion required to support the proposed settlement with Ripple.

"By characterizing their motion as a 'settlement approval', the parties failed to address the significant hurdles they must overcome, namely the lifting of the injunction and a substantial reduction in civil penalties," the judge stated in the ruling.

The SEC and Ripple agreed to reduce the $125 million fine imposed by the court a few days before Ripple CEO Brad Garlinghouse announced the end of the case. Subsequently, Alderoty disclosed on the X platform that the SEC will retain $50 million of the $125 million fine.

"Both parties have completely failed to fulfill this responsibility; their application did not even mention the relevant rules," the court document clearly states.

Due to Alderoty's failure to provide specific details regarding procedural issues in court, many in the community expressed dissatisfaction with Ripple's lack of detailed explanation, despite his assurances to the public that Ripple and the SEC "fully reached a consensus to resolve this case."

"First, in your recent post regarding this case, you mentioned that you would no longer post on the X platform since the case has concluded," an XRP observer responded to Alderoty in a discussion on the X platform.

"Secondly, I believe that merely stating this is a procedural issue is not sufficient. I think it is necessary to further explain what exactly went wrong in the application documents," wrote an XRP market observer in a discussion post on platform X, which continues to analyze.

"We should remember that he and Brad both publicly stated that the case was over, but in reality, the litigation is still ongoing; to some extent, they misled us," another user speculated.

Not long after the news broke, online media reported that U.S. President Trump was allegedly influenced by a lobbyist associated with Ripple, announcing that XRP tokens would be included in his planned national cryptocurrency reserve program.

Many members of the Bitcoin (BTC) community have strongly criticized Ripple's stance of advocating for a multi-currency strategic reserve instead of supporting a reserve scheme that only includes Bitcoin.

Related news: The stablecoin bill was passed in the Northern Mariana Islands, and the House overturned a previous veto.