Deaton Hails 75,000 XRP Holders for Influencing Ripple's SEC Victory as Price Struggles Near $1

Pro-XRP attorney and U.S. Senate candidate John Deaton used the third anniversary of the landmark July 13, 2023 ruling to credit XRP holders for their role in Ripple's legal battle with the SEC. According to crypto.news, Deaton said 75,000 XRP holders helped Ripple resist SEC pressure. Deaton argued that the holders' involvement was instrumental in the outcome of the lawsuit.

crypto.newsXRP holders helped Ripple resist SEC pressure, Deaton says

Deaton pointed to nearly 4,000 affidavits submitted by XRP holders and an amicus brief he filed as key factors that influenced Judge Analisa Torres' decision. The Crypto Basic reported that Deaton congratulated XRP holders for playing a meaningful role in the SEC's case. The judge ruled that XRP itself is not a security, a decision celebrated by the XRP community on the anniversary.

The Crypto BasicLegal Expert Highlights How XRP Holders Influenced Outcome of Ripple Lawsuit

As the legal milestone is recognized, XRP is hovering just above the $1 mark. Benzinga.com reported that the token is struggling to stay above that level, with one analyst warning of a potential decline before a possible rebound. The analyst cautioned about a move toward the $0.925, $0.95 range. "capitulation bottom" :: Benzinga.com This warning comes as the market weighs the significance of the anniversary against broader price pressures.

benzinga.comXRP Hovers Above $1 as Attorney Highlights Holder Role in SEC Victory; Analyst Warns of Possible Capitulation

The renewed focus on the case follows the recent surfacing of executive accounts, according to cryptonews.net, which brought the prolonged dispute back into the spotlight. Deaton acknowledged the tens of thousands of XRP holders who supported Ripple's executives during the fight, underscoring the community-driven nature of the legal victory.

cryptonews.netJohn Deaton Says 75,000 XRP Holders Helped Ripple Executives Fight SEC