XRP Holders Outmaneuver SEC, Reshape Crypto Regulation
The XRP Army, a dedicated community of XRP tokenholders, played a pivotal role in Ripple’s legal victory over the U.S. Securities and Exchange Commission (SEC), according to John Deaton, a legal advocate for crypto investors. Deaton emphasized that the community’s contributions were instrumental in shaping the outcome of the case, which culminated in August 2024 when both sides agreed to drop appeals. The lawsuit, initially filed in December 2020, alleged that Ripple’s sales of XRP were unregistered securities. After a protracted legal battle, Judge Analisa Torres ruled in July 2023 that XRP itself is not a security, a decision that effectively reshaped the regulatory landscape for digital assets.
Ripple’s deputy general counsel,…
