John Deaton Says XRP Community Helped Sway SEC Lawsuit Outcome

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XRP tokenholders were a tipping element that helped secure Ripple Labs’ win against the US securities regulator, which ultimately ended last month when both sides agreed to drop appeals. 

The SEC sued Ripple in 2020, accusing it of selling the XRP (XRP) token as an unregistered security. Judge Analisa Torres ruled in 2023 that only some tokens could be considered securities and the case finally ended in August this year.

Now the dust has settled, crypto advocate and lawyer John Deaton said, “no credible person can argue” that the “XRP Army”…



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John Deaton Says XRP Community Helped Sway SEC Lawsuit Outcome


XRP tokenholders were a tipping element that helped secure Ripple Labs’ win against the US securities regulator, which ultimately ended last month when both sides agreed to drop appeals. 

The SEC sued Ripple in 2020, accusing it of selling the XRP (XRP) token as an unregistered security. Judge Analisa Torres ruled in 2023 that only some tokens could be considered securities and the case finally ended in August this year.

Now the dust has settled, crypto advocate and lawyer John Deaton said, “no credible person can argue” that the “XRP Army”…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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