XRP Community Proves Crucial in Ripple’s SEC Lawsuit
John Deaton, a prominent lawyer in Ripple’s legal battle with the SEC, highlighted the vital role played by XRP community volunteers. Speaking on September 3, he emphasized the undeniable impact of these enthusiasts.
“There’s solid evidence showing how the XRP community shaped the ruling,” Deaton asserted. “Volunteers submitted over 2,000 exhibits, including amicus briefs and personal accounts from XRP holders.”
The judicial decision acknowledged their efforts,notably when it ruled that XRP isn’t a security in secondary market trades. Anyone doubting the community’s influence, Deaton noted, is either uninformed or dishonest.
- deaton champions the XRP Army’s contribution.
- Proves simple actions can substantially sway legal outcomes.
Deborah McCrimmon, Ripple’s vice president and deputy general counsel, concurred with Deaton’s observations during a Penta podcast interview on September 2. She praised the XRP Army’s voluntary assistance,revealing it saved Ripple considerable legal expenses.
“Rather of paying hefty lawyer fees, volunteers unearthed critical details themselves and shared it on social media platforms,” McCrimmon stated. “Their contributions were invaluable and substantially lowered our costs.”
