financetom
Cryptocurrency
financetom
/
Cryptocurrency
/
XRP Army Helped Sway SEC vs Ripple Case, Says Deaton
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
XRP Army Helped Sway SEC vs Ripple Case, Says Deaton
Sep 3, 2025 9:06 AM

TL;DR 

Judge Torres cited XRP holder affidavits, the amicus brief, and Deatons oral argument in the final decision. Ripple’s legal team recognized the XRP community’s support and organized legal and public campaigns.

Deaton Cites XRP Holder Input in Court Ruling

Attorney John E. Deaton has pointed to direct involvement from XRP holders as a factor in the SEC vs Ripple case. In a recent post, he stated, 

“No credible person can argue that the XRP Army didn’t make a difference in the Ripple case.” 

He referred to Judge Analisa Torres’s decision, which cited his amicus brief, XRP holder affidavits, and a prior oral argument in the LBRY case.

Deaton noted that while over 2,000 exhibits were submitted, the judge only referenced a small number, some of which included materials from XRP holders. He said that without these citations, the role of the community could have been debated, but added, “The proof is in the decision itself.”

No credible person can argue that the XRP Army didn’t make a difference in the Ripple case. If they do they’re either ignorant to the facts and truth or intentionally lying. We have conclusive evidence that we made a difference. There were over 2K exhibits filed in the case. In… https://t.co/WK2MfOb6wS

Ripple Legal Team Acknowledges Community Efforts

Ripples Deputy General Counsel, Deborah McCrimmon, acknowledged the coordination behind the scenes, saying the case was influenced by a broad effort that included the XRP community. Deaton had mobilized more than 75,000 XRP holders to submit statements and affidavits in support of Ripple’s legal position.

Alongside legal efforts, the XRP community maintained public focus on the case, organizing campaigns and petitions aimed at regulators. The long-running lawsuit saw its conclusion move closer after both sides agreed to a $50 million settlement, with final approval recently confirmed by the Second Circuit.

Meanwhile, XRPs price traded at $2.85, with a 3% gain in the last 24 hours and a 5% drop over the past week. Some in the community have raised concerns about slow growth in on-chain activity and total value locked (TVL). One user wrote, 

“OK but now we need the big guns to lift the price up apparently.”

However, projects like Doppler and Flare aim to increase XRP’s real-world use. The focus now shifts to whether utility follows legal clarity.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Whale and Shark Activity Pushes Chainlink (LINK) Past $29 For the First Time in 37 Months
Whale and Shark Activity Pushes Chainlink (LINK) Past $29 For the First Time in 37 Months
Dec 13, 2024
Chainlink (LINK) has recently surpassed the $29 mark for the first time in 37 months. Over the past week, the native token of the decentralized oracle network posted a 21% gain. As a result, LINK has emerged as one of the best-performing altcoins in recent weeks. Whale and Shark Gobble Up LINK The surge is largely fueled by a significant...
Solana Surpasses Ethereum as Top Ecosystem for New Developers in 2024: Report
Solana Surpasses Ethereum as Top Ecosystem for New Developers in 2024: Report
Dec 13, 2024
Electric Capitals 2024 Developer Report has revealed that for the first time since 2016, Solana outpaced Ethereum as the leading blockchain ecosystem for attracting new developers. The breakthrough highlights Solana’s rapid growth, with 7,625 new devs joining the network in the last 12 months, representing an 83% year-over-year increase. Rise in Developer Activity The report, released on December 12, looked...
Bitcoin Battles for $100K, Christmas Rally Incoming? (Your Weekly Crypto Recap)
Bitcoin Battles for $100K, Christmas Rally Incoming? (Your Weekly Crypto Recap)
Dec 13, 2024
It hasnt been a particularly fun week in the cryptocurrency industry as the majority of the market is trading in the red. The losses are mostly tolerable, although some altcoins definitely feel the pressure. But lets start with Bitcoin, as always. The primary cryptocurrency saw a week full of volatility. During the weekend, it increased above $101,000 but as soon...
Reveals Spanish Bank Allocates 2% to Aptos Staking ETP: Bitwise
Reveals Spanish Bank Allocates 2% to Aptos Staking ETP: Bitwise
Dec 13, 2024
Hunter Horsley, CEO of Bitwise, announced that a Spanish bank has allocated 2% of its holdings to the Bitwise Aptos staking ETP. In a tweet, Horsley stated that the adoption of cryptocurrencies is accelerating as traditional financial institutions integrate more crypto-savvy investors. He noted that the investment, made through one of the banks funds, marks a significant step toward mainstream...
Copyright 2023-2026 - www.financetom.com All Rights Reserved