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Mr Trump had claimed in the landmark legal case that he was immune from criminal charges for acts he said fell within his duties as president.
But Tuesday's unanimous ruling in Washington DC struck down that claim.
It is a setback for Mr Trump, who has for years cited presidential immunity while battling multiple cases.
"We cannot accept former President Trump's claim that a president has unbounded authority to commit crimes that would neutralise the most fundamental check on executive power - the recognition and implementation of election results," the three-judge panel from the US Court of Appeals for the DC Circuit wrote in its opinion.
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I kind of expect SC to just refuse the case and let this ruling stand. There isn't much of a win for them either way if they do take it.
Your thoughts about the ruling?