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Lawyer John Deaton credits the XRP Army community for influencing Ripple’s partial victory against the SEC. Thousands of affidavits from XRP holders were cited in the landmark ruling that declared XRP not a security on public exchanges. The legal battle concluded last month with both sides dropping appeals.
- Judge Torres cited XRP holder affidavits in her ruling that XRP itself is not a security when sold on public exchanges
- The SEC and Ripple were engaged in legal battle for nearly five years before both sides dropped appeals in August
- XRP Army members demonstrated real-world XRP usage including income payments and everyday purchases
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