Ripple SEC Victory: Lawyer Says 4,000 XRP Holders Played Crucial Role

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. On July 13, the XRP community celebrated 3 years since Judge Analisa Torres issued a summary judgment decision in the SEC v. Ripple case. Advertisement Judge Torres found that XRP is not a security in itself, holding that Ripple 's sales of XRP through secondary trading platforms did not constitute securities transactions, while its direct sales to institutional investors did. You Might Also Like Wed, 04/29/2026 - 10:06 Commodity or Security? Ripple CTO Emeritus Explains Key Distinction By Tomiwabold Olajide HOT Stories Ethereum (ETH) Breakout Secured, XRP Uptrend Is Not Over Yet, Analyzing Bitcoin (BTC) Resistance Break Potential: Crypto Market Review Massive BTC Transfer by US Government Raises Concerns Vet, a validator and director of community at XRP Ledger Foundation , tweeted about the anniversary of Judge Torres's ruling that XRP is not a security. He noted that this decision was a major turning point and the beginning of the end of the SEC's war on crypto. Advertisement XRP holders made a difference In a recent X post, CryptoLaw founder John Deaton highlighted how the XRP community made a difference in the Ripple v. SEC case. How do we know XRP Holders made a difference in the @Ripple XRP case? First, Judge Torres cited the amicus brief I filed. But to be fair, she cited other amicus briefs as well. Therefore, that, alone, is does not prove we made a difference. Second, when ruling "XRP itself is… https://t.co/Yu2MJvOxDL — John E Deaton (@JohnEDeaton1) July 13, 2026 Deaton was granted leave to file an amicus brief representing the interests of nearly 76,000 XRP holders who do not believe XRP is a security in the SEC case. He further backed it up with nearly 4,000 XRP holder affidavits submitted. Advertisement You Might Also Like Sun, 05/17/2026 - 08:04 Ripple's Schwartz Donates XRP to John Deaton By Alex Dovbnya "How do we know XRP Holders made a difference in the Ripple XRP case?" Deaton asked while citing evidence of how they did. First, Deaton's amicus brief on behalf of XRP holders was cited by Judge Torres among other amicus briefs. This, according to Deaton, proved the XRP community made a difference. Second, when ruling "XRP itself is not a security," Judge Torres cited the nearly 4,000 XRP holder affidavits submitted in the case. Out of the thousands of exhibits submitted in the case overall, in her final summary judgment decision, she only cited several dozen exhibits, of which XRP holder affidavits were one. Third, Judge Torres cited the oral argument that Deaton made to the Federal Judge in the LBRY case, relating to secondary market sales of digital assets. Finally, Deaton stated that in his amicus brief, he specifically asked the court to affirmatively declare XRP itself not a security, as it is nothing more than digital code. Judge Torres addressed this in her summary judgment, declaring XRP not to be a security in itself. #Ripple News #XRP #John Deaton