XRP tokens are a tipping element that has helped to secure the Ripple Labs win against the US Securities Regulator, which eventually ended last month when both sides agreed to drop appeals.
The Sec sued ripple In 2020, it is accused of selling XRP (XRP) token as an unregistered security. Judge Analyas Torres decided in 2023 that only a few of the tokens could be considered security and Finally the case ended This year’s August.
Now the dust, crypto supporter and lawyer John Deaton Says“No trustworthy person can argue” that the “XRP army” is no different.
“If they make them either ignorant of facts and facts or accidentally lying. We have evidence that we make a difference,” he wrote to X.
Deaton is known His advocacy for crypto investorsEspecially the XRP holders, whom he contends are not represented in the SEC case against Ripple.
Ripple Exec said that the Legwork of the XRP Army is not important
Deborah McCrimmon, vice president and representative of Ripple’s general advice, said The Penta Podcast At one stage on Monday that Deaton’s efforts and the XRP Army provided the court’s ability to see the case “affecting many people,” not just Ripple.
However, the work they put into the case, free of charge, has also proven to be a game change in attempts by companies to prove its key arguments.
Specifically, McCrimmon said Ripple uses the fair notice of the notice that the SEC has not given a fair notice of the law, and how it has been implemented in the past.
“And to support that, we are looking for speeches, conversations, things that the SEC or the government said related to Blockchain, Crypto, XRP, Ripple, and the XRP army are mined for us,” he said.
“We didn’t ask them, but once they saw this defense in our answer, people began to look for it. I can pay the lawyers thousands of dollars, literally thousands of dollars, to do that and yet they are looking for it and posting it on Twitter, and that is a huge impressive -it is useful for me.”
Judge mentioned affidavits in his decision
Deaton said there were more than 2,000 exhibits filed in the court case, and at his final decision, Judge Torres mentioned his short amicus and XRP holders.
“He ruled the XRP itself not a security while citing the XRP holdavits affidavits. If he didn’t mention those things, people could legitimately debate if our efforts made a real difference,” Deaton said.
“But the proof is in the decision itself. Often, people say that a person cannot make a difference. I say: Someone can inspire many people and together, they can make a difference.”
Deaton rallied XRP holding on to Submit affidavits and make testimonies in Ripple’s case, and over the years, the XRP Army has been lobbying, petitioning and coordinating social media campaigns with pressure regulators.
The token has mixed -hal results after the case is completed
Judge Torres Delivered a mix -hal decision In July 2023, looking for that Sold tokens In public exchanges did not achieve the meaning of a security, but the tokens sold to institutional investors were sold as unregistered security.
XRPS prices are 72% then, rising from $ 0.47 to $ 0.81, According to In coingecko.
Related: Ripple to buy Stablecoin Payment Platform Rail for $ 200 million
To lead-up to both sec and ripple abandoned their appealsthat the court case has been effectively completed, the token Rallied again In the middle of the speculation and hit a peak of $ 3.35 before the acquisitions walked back.
So far, the XRP has traded hands for $ 2.85 per token, and dropped almost 4% in the last 24 hours, after establishing a new full time of $ 3.65 in July.
Magazine: XRP Win has left Ripple a ‘bad actor’ with no crypto legal previously set
