John Deaton Credits XRP Army for Role in Ripple’s Legal Triumph
0
0

- XRP community’s impact crucial in Ripple’s legal victory, Deaton states.
- Deaton credits XRP army for influencing judge’s ruling, legal outcome.
- XRP price surges as legal clarity sparks bullish market sentiment.
Attorney John Deaton has emphasized the significant contribution of the XRP community in Ripple’s defense against the United States Securities and Exchange Commission. Deaton states that the XRP army was so close to the shaping of the court view that the participation of this group directly affected the course of the legal fight.
Deaton added that Ripple provided more than 2,000 exhibits in its defence. These included affidavits made by XRP holders, oral arguments, and the amicus brief which represented the voices of the community. He pointed out that some of these exhibits were mentioned by Judge Analisa Torres in her judgment, showing that the influence of the XRP stakeholders was taken into account and considered when making the verdict.
Also Read: Former Ripple Executive Predicts Arbitrum’s ZK Rollup Will Change Everything!
Collective Influence in a Landmark Case
The lawsuit between Ripple and the SEC officially ended when both parties dismissed their appeals. For Deaton, the case demonstrated how collective community power can influence legal outcomes in the crypto space. He responded to allegations brought forward by sceptics that the XRP army bore no relation to the final verdict, emphasizing that their input empowered Ripple within the courtroom.
This court case is currently a precedent in the regulation of online assets in America. As Deaton notes, the direct participation of XRP owners further demonstrated the utility of the token itself and influenced the perception of the case in the court.
XRP Price Outlook Gains Attention
With the case concluded, attention has shifted to XRP’s price performance. Market analyst Ali Martinez has projected a possible long-term rally that could see XRP climb as high as $12.6. Market analyst Ali Martinez has projected a possible long-term rally that could see XRP climb as high as $12.6. Investors are closely watching developments, encouraged by the legal clarity that Ripple secured.
At the time of writing, XRP traded at $2.85, reflecting a $2.58 percent increase in 24 hours. The token had earlier slipped to $2.79 before rebounding. Trading activity has also strengthened, with daily volume rising by 4.3 percent to reach $6.6 billion. This activity suggests that investors expect XRP to regain the $3 mark in the near term.
John Deaton’s acknowledgment of the XRP army underscores how a united community can influence legal outcomes. With Ripple’s case resolved and legal clarity established, the focus has now shifted toward XRP’s market trajectory, where optimism continues to build.
Also Read: Coinbase-Linked 35,122,576 XRP Move Sparks Reaction – Price Reversal or Crash Ahead?
The post John Deaton Credits XRP Army for Role in Ripple’s Legal Triumph appeared first on 36Crypto.
0
0
Securely connect the portfolio you’re using to start.