John Deaton Highlights Key Contribution of XRP Community in Ripple vs SEC Case

XRP Army's Impact: John E. Deaton highlighted the significant role of the XRP community in influencing the outcome of the Ripple vs. SEC case, asserting that their grassroots efforts were pivotal in the judge's ruling.

Judge Torres' Ruling: In July 2023, Judge Analisa Torres ruled that XRP is not a security in retail sales, while classifying certain institutional sales as securities, establishing a new framework for digital asset regulation.

Community Contributions: Ripple acknowledged the support from the XRP community, which provided essential research and evidence that strengthened their legal arguments, showcasing the effectiveness of collective action in legal battles.

Precedent for Grassroots Advocacy: The case set a precedent for how community involvement can shape regulatory outcomes, emphasizing that the XRP Army's contributions were crucial in securing a favorable ruling for digital assets.