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71,225 XRP Holders Now Stand With Ripple Against SEC, Deaton Says All XRP Investors Are Leaders Of XRPArmy

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The Amici attorney has commended XRP investors for their collaboration toward Ripple’s legal battle against the SEC. 



Attorney John Deaton, Amici’s attorney in Ripple vs. SEC lawsuit, has commended XRP holders for their unwavering support for the Silicon Valley tech company. 

In a tweet today, attorney Deaton referred to XRP holders as the leader of the XRPArmy, supporters of the Ripple project. 

XRP Holders Collaborate to Help Ripple

This came after Ripple’s enthusiasts, led by one Ashley Prosper, came together to respond to the SEC FOIA office regarding communications between JPMorgan and the Commission about Ripple. 

Prosper had initially received a response to his FOIA request from the SEC about the subject. However, he sought recommendations about the names of JPMorgan staff from the XRP community that should be added to his response. 

After receiving replies, Prosper was able to file his response to the SEC. 

Amused by the collaboration among XRP enthusiasts and their quest to support Ripple in the ongoing lawsuit, attorney Deaton said: 

“More proof that we are all the leaders of the XRPArmy.” 

 

XRP Investor’s Continuous Support for Ripple in the SEC Lawsuit

Members of the XRP community have solidly stood behind Ripple following its lawsuit with the Securities and Exchange Commission (SEC). 

Supporters of the Ripple project, referred to as XRPArmy, have been identifying loopholes on the part of the SEC, which could be useful to the blockchain company in the lawsuit. 

Aside from conducting private analysis of vital documents, XRP holders are rapidly joining the lawsuit via a class action filed by attorney Deaton against the SEC. 

According to attorney Deaton, there are now a total of 71,225 XRP holders who have joined the class action against the SEC

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Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

1 COMMENT

  1. Does the XRP holders case help or potentially hinder the Ripple case?

    Consider this. If the SEC want to drop the case or do a deal, could they be concerned that doing so would open them up to unknown liability from XRP holders and as such are unable to settle easily because of that?

    Whereas if XRP Holders weren’t involved, then could the SEC deal more easily and quickly as they know the potential costs/risks associated with doing so?

    Therefore is the XRP holders case actually preventing a resolution in the Ripple case which if settled quickly could (according to some commentators) result in the price of XRP rocketing and all those involved possibly realizing a nice profit?.

    Therefore is the case really for the benefit of XRP Holders or those who may benefit from such a case in other ways? I say this as surely XRP holders would be better to settle quickly and gain from any price rise resulting wouldn’t they?

    I don’t know the answer, merely asking the question because as an XRP Holder myself, I rather see this case resolved ASAP so we can move on to other things soon

    Thoughts welcome

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