XRP Army Credited for Ripple’s Landmark Win Against SEC

Ripple’s long-running legal battle with the US SEC officially came to an end last month, and many argue that XRP tokenholders were the deciding factor. The case, which began in 2020, centered on allegations that Ripple Labs had sold XRP as an unregistered security. Judge Analisa Torres ruled in 2023 that only some transactions involving XRP could be considered securities. After both Ripple and the SEC agreed to drop their appeals in August, the dispute finally closed. Crypto lawyer and advocate John Deaton, who represented token holders throughout the case, said their involvement was crucial. “No credible person can argue the XRP Army didn’t make a difference,” he wrote on X. “We have conclusive evidence that we made a difference.” Ripple Executives Acknowledge Tokenholder Support Ripple executives have openly credited XRP supporters for their role in shaping the outcome. Deborah McCrimmon, Ripple’s vice president and deputy general counsel, explained on The Penta Podcast that the involvement of tokenholders gave the court much-needed perspective. “John Deaton’s efforts and the XRP Army gave the court visibility that the case impacts a lot of people, not just Ripple,” McCrimmon further said. She highlighted how thousands of token supporters contributed voluntarily, providing research, documents, and context that Ripple’s legal team used to bolster its fair notice defense. Ripple argued that the SEC had failed to provide clear guidelines on how securities laws applied to digital assets. McCrimmon noted that the XRP community’s work—collecting speeches, government statements, and historical references—was “invaluable” in supporting this defense. A Grassroots Force in Crypto’s Biggest Case Over the course of the lawsuit, XRP holders submitted affidavits, organized petitions, and carried out coordinated social media campaigns to highlight the impact of the SEC’s actions on ordinary investors. Deaton’s amicus brief, along with evidence provided by tokenholders, was even cited in Judge Torres’ final decision. In July 2023, Judge Torres issued a mixed ruling: XRP sales to institutional investors were deemed unregistered securities, while sales on public exchanges were not. The decision also sent the token’s price surging 72% to $0.81 within hours. Speculation around the resolution of appeals later pushed the token to a record high of $3.65 in July this year. While the cryptocurrency has since cooled to $2.85, the XRP community’s impact on Ripple’s victory is widely seen as one of the strongest examples of grassroots advocacy shaping the outcome of a major crypto case. The post XRP Army Credited for Ripple’s Landmark Win Against SEC appeared first on TheCoinrise.com .