Ripple’s chief legal officer, Stuart Alderoty, announced that the U.S. Securities and Exchange Commission has not appealed the court's ruling that XRP is not a security.

Court Decision and XRP Reaction

Ripple's chief legal officer, Stuart Alderoty, confirmed that the SEC has not appealed the court's decision that XRP is not a security, meaning this ruling stands. Despite recent news, the price of XRP remains relatively stable, having increased by 1.74% over the past week, reaching $0.5468 at the time of writing.

Ongoing SEC and Ripple Disputes

According to Alderoty, legal proceedings might continue until July 2025. The SEC requested a review of the court’s decision regarding XRP sales and personal sales by Ripple CEO Brad Garlinghouse and co-founder Chris Larsen. Ripple is set to file a cross-appeal concerning institutional sales rulings. Both sides are preparing for a lengthy process that could impact the classification of digital assets in the future.

“Both parties will then agree on a briefing schedule and the SEC then has up to 90 days to file its first brief. Alderoty says he expects them to take the full 90 days. That opening brief will be a full recitation of all the legal arguments that the SEC will be making.”Eleanor Terrett, Fox Business correspondent

Market and Ripple's Plans

Brad Garlinghouse does not consider conducting an IPO a priority for the company, considering tense relations with the SEC. Garlinghouse emphasized that improving the regulatory environment is critical for entering the stock exchange, but Ripple's strong financial foundation allows the company to continue its projects without an IPO.

The situation between the SEC and Ripple remains complex. While the non-appeal strengthens XRP's position, the long-term impact on digital asset regulation is still uncertain.