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Crypto lawyer John Deaton asserts that the XRP community played a decisive role in Ripple’s legal victory against the SEC. The case, which concluded last month, saw Ripple successfully challenge allegations of selling unregistered securities. Deaton claims denying the XRP Army’s impact is either ignorant or dishonest.
- Judge Torres' 2023 ruling distinguished between different types of XRP sales, finding only some qualified as securities transactions
- The SEC and Ripple mutually agreed to drop all appeals in August 2024, bringing the four-year legal battle to a conclusive end
- Deaton represented over 75,000 XRP holders who filed amicus briefs in the case, creating unprecedented retail investor participation
📎 Related coverage from: cointelegraph.com