XRP Community’s Impact Explained by Legal Advocate
In a recent post, John Deaton emphasized the crucial role of the XRP Army in the Ripple vs. SEC legal battle. He underlined that no informed individual can dismiss the community’s influence. “If someone argues otherwise, they’re either unaware of the facts or deliberately false,” Deaton stated.
Deaton claims the community’s impact was evident through various submissions, including his own brief and affidavits from XRP users. these contributions played a pivotal role in showing that XRP isn’t a security in secondary markets.
- Over 2,000 exhibits were filed in support.
- The judge referenced these submissions in her decision.
Ripple’s VP Deborah McCrimmon corroborated Deaton’s stance during a Penta Podcast interview. She acknowledged the immense help from volunteers.These supporters identified and shared essential defenses online, saving Ripple ample legal costs.
“We didn’t solicit their help, but their proactive contributions saved us millions. It’s a testament to the power of collective action,” McCrimmon explained.
This story underscores that dedicated individuals can considerably shape legal outcomes, especially in cryptocurrency cases.
