XRP tokenholders played a crucial role in Ripple Labs’ victory over the SEC, leading to the dropping of appeals. The SEC accused Ripple of selling XRP as an unregistered security, but the case concluded in August. Crypto advocate John Deaton emphasized the impact of the “XRP Army” in the outcome.

Ripple’s Deborah McCrimmon credited the XRP Army for highlighting the case’s broader impact. Their free work aided Ripple’s fair notice defense. McCrimmon praised how the XRP Army uncovered crucial information that supported Ripple’s arguments.

Judge Torres cited Deaton’s amicus brief and XRP holder affidavits in her decision that XRP is not a security. Deaton highlighted the significance of individual efforts in making a difference and inspiring collective action. The XRP Army’s advocacy efforts influenced the court’s ruling.

After the case, XRP’s price surged by 72%, reaching $0.81 from $0.47. The token experienced volatility, hitting a high of $3.35 before settling at $2.85. Ripple’s acquisition of Rail for $200 million also contributed to market speculation around XRP’s future performance.

Read more at Cointelegraph: John Deaton Says XRP Community Helped Sway SEC Lawsuit Outcome