The SEC alleged that Ripple had sold XRP as an unregistered security, putting its future in jeopardy. This lawsuit cast a long shadow over XRP, limiting exchange listings and suppressing its market performance. For years, the question was simple but critical: Is XRP a security?
The court eventually issued a split decision:
This ruling gave Ripple breathing room, as the majority of XRP’s trading volume comes from secondary market activity. The decision also sent a message to regulators — crypto assets cannot all be painted with the same brush.
One of the most striking parts of this case was the recognition of XRP’s retail community. Known as the XRP Army, these investors rallied around Ripple throughout the battle. They flooded social media with research, analysis, and commentary; filed amicus briefs; and kept pressure on regulators and lawmakers to treat XRP fairly. Ripple’s lawyers and even the presiding judge acknowledged that the community’s advocacy influenced how the case unfolded. For perhaps the first time in crypto, retail investors were formally credited with shaping a legal outcome.
The SEC battle caused massive price volatility. XRP spiked to an all-time high during bursts of optimism, only to retrace as legal uncertainty weighed on the market. Following the mixed ruling, XRP stabilised around $2.85 AUD, reflecting both relief and caution.
The XRP SEC news demonstrates more than just a courtroom victory. Ripple secured clarity, avoided the worst-case scenario, and positioned XRP for continued adoption. But perhaps the most important takeaway is the role of the XRP Army, proving that in crypto, community can be as powerful as corporate strategy. With XRP holding near $2.85 AUD, investors now watch to see if the token can ride regulatory clarity, institutional adoption, and community energy into its next bull run.
What was the SEC’s case against Ripple?
That Ripple sold XRP as an unregistered security.
Did Ripple win the case?
Ripple achieved a partial victory — institutional sales were ruled securities, but retail sales on exchanges were not.
Who is the XRP Army?
A global community of XRP holders and advocates who supported Ripple throughout the case.
How did the XRP Army influence the case?
Through filings, advocacy, and public pressure, which were acknowledged by Ripple’s lawyers and the judge.
What is XRP’s price now?
Around $2.85 AUD, stabilising after volatility tied to the lawsuit.
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