XRP Corps Drives Decisive Victory in Ripple Lawsuit; John Deaton Says "Officially Recognized Group Support"

This article is machine translated
Show original

It has been claimed that the so-called "XRP Army," which actively supported Ripple in the lawsuit between the U.S. Securities and Exchange Commission (SEC) and Ripple, significantly influenced the actual outcome of the lawsuit. John Deaton, a prominent pro-cryptocurrency lawyer, recently officially acknowledged their role on social media, stating, "The continued pressure from the XRP holder community ultimately led to a favorable settlement for Ripple."

Deaton emphasized that the XRP Legion's activities went beyond mere public opinion warfare and were utilized as a practical litigation strategy. He explained, "Ripple submitted over 2,000 pieces of evidence to the court during its response to the SEC, including affidavits and opinions from XRP holders." Some of these documents were cited in Judge Analisa Torres's ruling. Deaton said, "It's clear that the collective voice of XRP holders influenced the ruling," and cited this as a symbolic example of the power of group support.

Industry experts also believe the XRP community's organized response has shifted the course of the lawsuit. This ruling is considered a significant precedent for cryptocurrency asset classification and regulation in the United States, making it highly likely that the community's influence will once again be highlighted in similar lawsuits in the future.

Meanwhile, changes are being detected in the XRP market sentiment following the conclusion of the lawsuit. Cryptocurrency analyst Ali Martinez predicted, "With legal uncertainty now resolved, XRP could rise to $12.60 (approximately KRW 17,514) in the long term." XRP is currently trading at $2.85 (approximately KRW 3,962), with a 24-hour trading volume of $6.6 billion (approximately KRW 9.174 trillion), a 4.3% increase from the previous day. The market is now focusing on whether XRP will break through the $3.00 (approximately KRW 4,170) level again.

This case clearly demonstrates that the relationship between Ripple and XRP holders is evolving beyond mere investor engagement into a policy partnership that transforms regulations and precedents. The XRP Legion is now moving beyond the mere concept of a fan community to become a significant political actor in the cryptocurrency industry.

Get real-time news... Go to TokenPost Telegram

Copyright ยฉ TokenPost. Unauthorized reproduction and redistribution prohibited.

#Ripple #XRP #SECLawsuit #CryptocurrencyCommunity #JohnDeaton

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments