The XRP Army helped Sway SEC vs Ripple Case, says Deaton

The XRP Army helped Sway SEC vs Ripple Case, says Deaton

TL; Dr.

  • Judge Torres cited the affidavits of the head of XRP, the Amicus report and the oral argument of Deaton in the final decision.
  • Ripple’s legal team recognized the support of the XRP community and organized legal and public campaigns.

Deaton cites the entrance of the XRP holder in the Court’s ruling

The lawyer John E. Deaton has indicated the direct participation of the XRP holders as a factor in the sec vs ripple. In a recent publication, he said,

“No credible person can argue that the XRP army did not make the difference in the Ripple case.”

He referred to the decision of Judge Analisa Torres, who cited her brief short amicus, the affidavits of the head of XRP, and a previous oral argument in the LBRY case.

Deaton said that while more than 2,000 exhibitions were presented, the judge only referred to a small number, some of which included materials from the XRP holders. He said that without these appointments, the role of the community could have been discussed, but added: “The evidence is in the decision itself.”

Ripple’s legal team recognizes community efforts

Ripple’s general lawyer, Deborah McCrimon, acknowledged the coordination behind the scene, saying that the case was influenced by a broad effort that included the XRP community. Deaton had mobilized More than 75,000 XRP holders to submit affidavits and statements in support of Ripple’s legal position.

Together with legal efforts, the XRP community maintained the public approach in the case, organizing campaigns and requests aimed at regulators. The long -term demand saw its conclusion Mávate closer to both parties agreed to a $ 50 million agreement, with the final approval recently confirmed by the second circuit.

Meanwhile, XRP price It was negotiated at $ 2.85, with a gain of 3% in the last 24 hours and a 5% drop in last week. Some in the community have expressed concerns about the slow growth of the activity in the chain and the total value blocked (TVL). Wrote a user,

“It’s fine, but now we need big weapons to raise the price apparently.”

However, projects such as Doppler and Flare aim To increase the use of the real world of XRP. The approach now changes to whether the utility follows legal clarity.

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