John Deaton says XRP holders helped sway the SEC case as Judge Torres cited their evidence in her decision.John Deaton says XRP holders helped sway the SEC case as Judge Torres cited their evidence in her decision.

XRP Army Helped Sway SEC vs Ripple Case, Says Deaton

TL;DR 

  • Judge Torres cited XRP holder affidavits, the amicus brief, and Deaton’s oral argument in the final decision.
  • Ripple’s legal team recognized the XRP community’s support and organized legal and public campaigns.

Deaton Cites XRP Holder Input in Court Ruling

Attorney John E. Deaton has pointed to direct involvement from XRP holders as a factor in the SEC vs Ripple case. In a recent post, he stated, 

He referred to Judge Analisa Torres’s decision, which cited his amicus brief, XRP holder affidavits, and a prior oral argument in the LBRY case.

Deaton noted that while over 2,000 exhibits were submitted, the judge only referenced a small number, some of which included materials from XRP holders. He said that without these citations, the role of the community could have been debated, but added, “The proof is in the decision itself.”

Ripple’s Deputy General Counsel, Deborah McCrimmon, acknowledged the coordination behind the scenes, saying the case was influenced by a broad effort that included the XRP community. Deaton had mobilized more than 75,000 XRP holders to submit statements and affidavits in support of Ripple’s legal position.

Alongside legal efforts, the XRP community maintained public focus on the case, organizing campaigns and petitions aimed at regulators. The long-running lawsuit saw its conclusion move closer after both sides agreed to a $50 million settlement, with final approval recently confirmed by the Second Circuit.

Meanwhile, XRP’s price traded at $2.85, with a 3% gain in the last 24 hours and a 5% drop over the past week. Some in the community have raised concerns about slow growth in on-chain activity and total value locked (TVL). One user wrote, 

However, projects like Doppler and Flare aim to increase XRP’s real-world use. The focus now shifts to whether utility follows legal clarity.

The post XRP Army Helped Sway SEC vs Ripple Case, Says Deaton appeared first on CryptoPotato.

Market Opportunity
XRP Logo
XRP Price(XRP)
$2.0631
$2.0631$2.0631
+1.49%
USD
XRP (XRP) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC

Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC

The post Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC appeared on BitcoinEthereumNews.com. Franklin Templeton CEO Jenny Johnson has weighed in on whether the Federal Reserve should make a 25 basis points (bps) Fed rate cut or 50 bps cut. This comes ahead of the Fed decision today at today’s FOMC meeting, with the market pricing in a 25 bps cut. Bitcoin and the broader crypto market are currently trading flat ahead of the rate cut decision. Franklin Templeton CEO Weighs In On Potential FOMC Decision In a CNBC interview, Jenny Johnson said that she expects the Fed to make a 25 bps cut today instead of a 50 bps cut. She acknowledged the jobs data, which suggested that the labor market is weakening. However, she noted that this data is backward-looking, indicating that it doesn’t show the current state of the economy. She alluded to the wage growth, which she remarked is an indication of a robust labor market. She added that retail sales are up and that consumers are still spending, despite inflation being sticky at 3%, which makes a case for why the FOMC should opt against a 50-basis-point Fed rate cut. In line with this, the Franklin Templeton CEO said that she would go with a 25 bps rate cut if she were Jerome Powell. She remarked that the Fed still has the October and December FOMC meetings to make further cuts if the incoming data warrants it. Johnson also asserted that the data show a robust economy. However, she noted that there can’t be an argument for no Fed rate cut since Powell already signaled at Jackson Hole that they were likely to lower interest rates at this meeting due to concerns over a weakening labor market. Notably, her comment comes as experts argue for both sides on why the Fed should make a 25 bps cut or…
Share
BitcoinEthereumNews2025/09/18 00:36
XRP Treasury Firm Evernorth Prepares Public Listing to Boost Institutional Exposure

XRP Treasury Firm Evernorth Prepares Public Listing to Boost Institutional Exposure

Evernorth is working toward a Q1 Nasdaq listing through a SPAC merger, giving XRP exposure to Wall Street investors. Funds raised will be used to back DeFi products
Share
Crypto News Flash2026/01/17 20:01
XRP Treasury Firm Evernorth Prepares Public Listing

XRP Treasury Firm Evernorth Prepares Public Listing

The post XRP Treasury Firm Evernorth Prepares Public Listing appeared on BitcoinEthereumNews.com. Kelvin is a crypto journalist/editor with over six years of experience
Share
BitcoinEthereumNews2026/01/17 20:13