The XRP army has long claimed to be more than a noisy retail.
Today, in Ripple’s four -year battle against the US Securities and Exchange Commission is closed, both the judge’s lawyers and Ripple say they make a difference.
Crypto attorney John Deaton, who filed a short amicus on behalf of the holders, told a Wednesday x post That anyone who refuses their role is “either ignorant of facts and facts or accidentally lying.”
Judge Analisa Torres cited Deaton’s files, XRP holder affidavits, and even arguments he made in a separate LBRY case when ruled that the XRP itself was not a security.
“If he doesn’t mention those things, people can legitimately debate if our efforts make a real difference. But the proof is in the decision itself,” Deaton said.
The executives are in line with the ripple. Deborah McCrimmon, deputy Ripple’s general advice The Penta Podcast On Monday that unpaid XRP Army research was very important. Ripple is leaning against a “fair notice” defense, focusing on the SEC has failed to provide clarity on how crypto laws are applied.
“We are looking for speeches, conversations, things that the SEC or the government said in connection with Blockchain, Crypto, XRP, Ripple, and the XRP army mined for us,” McCrimmon said. “I can pay the lawyers of thousands of dollars to do that, and yet they are looking for it and posting it on Twitter.”
The SEC accused Ripple in 2020, accusing it of raising funds through an unregistered security sale. The case has been dragging for years, which has been a litmus test for how regulators will treat second sales of crypto tokens.
In July 2023, Judge Torres decided that the XRP sold in exchanges did not qualify as security, while some institutional sales. The mixed decision gave the Ripple’s breathing room but stopped a full win.
The legal fight was officially ended in August when both sides of the appeals fell. After that, the XRP has already delivered businessmen to some of its wildest swings over the years. The token spun 72% after the 2023 decision, which jumped from $ 0.47 to $ 0.81. It was torn at a full time of $ 3.65 in July this year before turning away.
XRP is trading near $ 2.85, down by about 1% in the past 24 hours.
