Altcoins News
By Sakamoto Nashi
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The Case That Defined XRP’s Future. The SEC first filed its lawsuit against Ripple in December 2020, accusing the company of selling…
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John Deaton on the XRP Army’s Influence. Now that the dust has settled, Deaton argues that the contributions of XRP holders were decisive.
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Ripple Executives Agree. Deborah McCrimmon, Ripple’s vice president and deputy general counsel, echoed Deaton’s assessment…
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A Grassroots Force in Crypto Regulation. The XRP Army’s influence extended far beyond court filings.
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Market Reaction and Price Movements. The lawsuit had a dramatic effect on XRP’s price over the years.
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Broader Implications for Crypto. The XRP Army’s impact highlights a broader theme in digital asset regulation: the power of…
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Conclusion. What began as a daunting battle against one of the most powerful regulators in the world ended as…
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The long-running legal battle between Ripple Labs and the United States Securities and Exchange Commission (SEC) has finally come to an end.
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Deaton, who represented thousands of XRP holders as part of the case, says that without the relentless efforts of tokenholders, Ripple’s courtroom victory might have looked very…
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Ripple, however, fought back, insisting that XRP was a digital asset used for payments and remittances, not a security offering.
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In July 2023, Judge Analisa Torres delivered a landmark decision: XRP sales on public exchanges did not constitute securities transactions, though certain institutional sales did…
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Deaton pointed out that Judge Torres explicitly cited his amicus brief and affidavits from XRP holders in her ruling.
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For Deaton, this was proof that collective action mattered. “One person can inspire many people, and together, they can make a difference,” he said.
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According to McCrimmon, tokenholders went above and beyond to gather evidence. “We didn’t ask them to, but once they saw this defense in our filings, people started finding…
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What Ripple might have paid “thousands of dollars” in legal research for was instead carried out voluntarily by the XRP Army, who shared findings across social media and…
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