XRP Army and Ripple’s Fight Against the SEC ⚖️
The long legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) finally came to an end in August 2024. While Ripple’s legal team fought in court, thousands of XRP holders — famously known as the XRP Army — made a remarkable impact that shaped the outcome of the case.
Crypto lawyer John Deaton emphasized that anyone denying the XRP Army’s influence is “either ignorant or lying.” Their contributions, from affidavits to research, were cited directly in Judge Analisa Torres’ ruling. 🚀
How the SEC Case Unfolded
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2020: The SEC sued Ripple, claiming XRP was sold as an unregistered security.
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2023: Judge Torres ruled that XRP itself is not a security, though institutional sales violated securities law.
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2024: Both sides dropped appeals, effectively closing the case.
This mixed ruling gave Ripple a partial victory but highlighted the importance of community-driven advocacy in crypto regulation.
The XRP Army’s Unpaid Legal Force 💪
Ripple’s Vice President, Deborah McCrimmon, revealed that XRP holders mined speeches, documents, and government statements to support Ripple’s fair notice defense.
Instead of hiring expensive lawyers, Ripple benefited from thousands of unpaid volunteers. On X (formerly Twitter), the XRP Army ran campaigns, collected affidavits, and supplied critical evidence that Judge Torres later referenced in her decision.
This grassroots movement proved that crypto investors can collectively influence justice.
Market Reaction After the Case 📊
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XRP’s price spiked 72% after the July 2023 ruling, jumping from $0.47 to $0.81.
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Following news of the final settlement in August 2024, XRP rallied again, briefly touching $3.35 before stabilizing.
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Currently, XRP trades around $2.85, down 4% in 24 hours, but still stronger compared to pre-ruling levels.
The outcome not only boosted XRP’s value but also showed how investor communities can move markets and narratives alike.
Why This Case Matters for Crypto’s Future 🌍
The Ripple vs SEC case set a precedent for how regulators view cryptocurrencies. It also highlighted:
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The power of decentralized communities like the XRP Army.
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The need for clear regulations in the U.S. crypto market.
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The risks of classifying digital assets as securities.
As Ripple co-founder Bobby Ong noted, tough legal battles are necessary to push the industry forward.
Final Thoughts ✨
The Ripple vs SEC saga wasn’t just a courtroom fight — it was a community-driven victory. The XRP Army showed that united investors can make history, influence legal outcomes, and defend the future of crypto.
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