The post ‘XRP Army’ Credited by Lawyers in Landmark Ruling appeared on BitcoinEthereumNews.com. The XRP Army has long claimed to be more than just a noisy retail crowd. Now, with Ripple’s four-year battle against the U.S. Securities and Exchange Commission closed, both the judge and Ripple’s lawyers are saying they made a difference. Crypto lawyer John Deaton, who filed an amicus brief on behalf of holders, said in a Wednesday X post that anyone denying their role “is either ignorant of the facts and truth or intentionally lying.” Judge Analisa Torres cited Deaton’s filings, XRP holder affidavits, and even arguments he made in a separate LBRY case when ruling that XRP itself is not a security. “Had she not cited those things, people could legitimately debate whether our efforts made a real difference. But the proof is in the decision itself,” Deaton said. Executives inside Ripple agree. Deborah McCrimmon, Ripple’s deputy general counsel, told The Penta Podcast on Monday that the XRP Army’s unpaid research was invaluable. Ripple had leaned on a “fair notice” defense, arguing the SEC failed to give clarity on how crypto laws applied. “We were looking for speeches, talks, things the SEC or the government had said related to blockchain, crypto, XRP, Ripple, and the XRP Army mined that for us,” McCrimmon said. “I could have paid lawyers thousands of dollars to do that, and yet they were finding it and posting it on Twitter.” The SEC sued Ripple in 2020, accusing it of raising funds through an unregistered securities sale. The case dragged on for years, becoming a litmus test for how regulators would treat secondary sales of crypto tokens. In July 2023, Judge Torres ruled that XRP sold on exchanges did not qualify as securities, while some institutional sales did. The mixed decision gave Ripple breathing room but stopped short of a full win. The legal fight… The post ‘XRP Army’ Credited by Lawyers in Landmark Ruling appeared on BitcoinEthereumNews.com. The XRP Army has long claimed to be more than just a noisy retail crowd. Now, with Ripple’s four-year battle against the U.S. Securities and Exchange Commission closed, both the judge and Ripple’s lawyers are saying they made a difference. Crypto lawyer John Deaton, who filed an amicus brief on behalf of holders, said in a Wednesday X post that anyone denying their role “is either ignorant of the facts and truth or intentionally lying.” Judge Analisa Torres cited Deaton’s filings, XRP holder affidavits, and even arguments he made in a separate LBRY case when ruling that XRP itself is not a security. “Had she not cited those things, people could legitimately debate whether our efforts made a real difference. But the proof is in the decision itself,” Deaton said. Executives inside Ripple agree. Deborah McCrimmon, Ripple’s deputy general counsel, told The Penta Podcast on Monday that the XRP Army’s unpaid research was invaluable. Ripple had leaned on a “fair notice” defense, arguing the SEC failed to give clarity on how crypto laws applied. “We were looking for speeches, talks, things the SEC or the government had said related to blockchain, crypto, XRP, Ripple, and the XRP Army mined that for us,” McCrimmon said. “I could have paid lawyers thousands of dollars to do that, and yet they were finding it and posting it on Twitter.” The SEC sued Ripple in 2020, accusing it of raising funds through an unregistered securities sale. The case dragged on for years, becoming a litmus test for how regulators would treat secondary sales of crypto tokens. In July 2023, Judge Torres ruled that XRP sold on exchanges did not qualify as securities, while some institutional sales did. The mixed decision gave Ripple breathing room but stopped short of a full win. The legal fight…

‘XRP Army’ Credited by Lawyers in Landmark Ruling

2025/09/05 07:09
2분 읽기
이 콘텐츠에 대한 의견이나 우려 사항이 있으시면 crypto.news@mexc.com으로 연락주시기 바랍니다

The XRP Army has long claimed to be more than just a noisy retail crowd.

Now, with Ripple’s four-year battle against the U.S. Securities and Exchange Commission closed, both the judge and Ripple’s lawyers are saying they made a difference.

Crypto lawyer John Deaton, who filed an amicus brief on behalf of holders, said in a Wednesday X post that anyone denying their role “is either ignorant of the facts and truth or intentionally lying.”

Judge Analisa Torres cited Deaton’s filings, XRP holder affidavits, and even arguments he made in a separate LBRY case when ruling that XRP itself is not a security.

“Had she not cited those things, people could legitimately debate whether our efforts made a real difference. But the proof is in the decision itself,” Deaton said.

Executives inside Ripple agree. Deborah McCrimmon, Ripple’s deputy general counsel, told The Penta Podcast on Monday that the XRP Army’s unpaid research was invaluable. Ripple had leaned on a “fair notice” defense, arguing the SEC failed to give clarity on how crypto laws applied.

“We were looking for speeches, talks, things the SEC or the government had said related to blockchain, crypto, XRP, Ripple, and the XRP Army mined that for us,” McCrimmon said. “I could have paid lawyers thousands of dollars to do that, and yet they were finding it and posting it on Twitter.”

The SEC sued Ripple in 2020, accusing it of raising funds through an unregistered securities sale. The case dragged on for years, becoming a litmus test for how regulators would treat secondary sales of crypto tokens.

In July 2023, Judge Torres ruled that XRP sold on exchanges did not qualify as securities, while some institutional sales did. The mixed decision gave Ripple breathing room but stopped short of a full win.

The legal fight officially ended in August when both sides dropped appeals. By then, XRP had already delivered traders some of its wildest swings in years. The token spiked 72% after the 2023 ruling, jumping from $0.47 to $0.81. It ripped to an all-time high of $3.65 in July this year before settling back.

XRP trades near $2.85, down nearly 1% in the past 24 hours.

Source: https://www.coindesk.com/markets/2025/09/04/xrp-army-credited-with-helping-ripple-tilt-case-against-sec

시장 기회
Union 로고
Union 가격(UNION)
$0.0007396
$0.0007396$0.0007396
+26.47%
USD
Union (UNION) 실시간 가격 차트
면책 조항: 본 사이트에 재게시된 글들은 공개 플랫폼에서 가져온 것으로 정보 제공 목적으로만 제공됩니다. 이는 반드시 MEXC의 견해를 반영하는 것은 아닙니다. 모든 권리는 원저자에게 있습니다. 제3자의 권리를 침해하는 콘텐츠가 있다고 판단될 경우, crypto.news@mexc.com으로 연락하여 삭제 요청을 해주시기 바랍니다. MEXC는 콘텐츠의 정확성, 완전성 또는 시의적절성에 대해 어떠한 보증도 하지 않으며, 제공된 정보에 기반하여 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다. 본 콘텐츠는 금융, 법률 또는 기타 전문적인 조언을 구성하지 않으며, MEXC의 추천이나 보증으로 간주되어서는 안 됩니다.

$30,000 in PRL + 15,000 USDT

$30,000 in PRL + 15,000 USDT$30,000 in PRL + 15,000 USDT

Deposit & trade PRL to boost your rewards!