XRP Army Roars: SEC Retreats in Ripple Case—Crypto Claims ’Right Side of History’
The SEC just folded its hand against Ripple—and the XRP army is crowning itself the winner. After years of legal trench warfare, regulators backed down, leaving crypto’s most dogmatic fanbase screaming ‘told you so’ from the rooftops.
A surrender or a strategic retreat?
The agency’s withdrawal avoids a precedent-setting courtroom loss—but hands Ripple’s supporters a PR nuke. XRP holders now have fresh ammunition to meme their way through the next bull run.
The fine print they’ll ignore:
No ruling here kills the SEC’s ‘regulation by enforcement’ playbook. But let’s be real—this crowd cares more about price pumps than legal nuance. Watch the ‘decentralized’ brigade suddenly rediscover their love for centralized legal wins.
Wall Street’s still pretending not to notice while quietly recalculating their crypto exposure. Some ‘securities’ just get preferential treatment—must be nice.
The SEC’s 2020 lawsuit was supposed to be Ripple’s Waterloo. Instead, it became the Army’s recruitment drive. The regulator alleged Ripple raised $1.3 billion through an unregistered securities sale of XRP. Ripple countered with a hard “nope,” arguing XRP is not a security. Then-CEO Brad Garlinghouse, never one for understatement, wrote in a 2020 blog post: “We are not only on the right side of the law, but we will be on the right side of history.”
That line became gospel for the XRP faithful—mocked at first, but now chanted like a war cry. On Thursday, the SEC dropped its appeal, Ripple dropped its cross-appeal, and both agreed to eat their own legal fees, sealing a June agreement for Ripple to pay $125 million. And just like that, the most-watched crypto case in the U.S. ended not with a bang, but with two signatures on a court filing.
How to Build an Army
Before the lawsuit, “XRP Army” was a term outsiders lobbed as an insult at the project’s louder backers. After the SEC came knocking, it turned into a badge of honor. Community figures like attorney John Deaton rallied 75,000 XRP holders into legal action, collecting hundreds of affidavits in Ripple’s defense.
They see the case as a landmark moment for U.S. crypto regulation—one that could ripple (sorry, again) far beyond XRP. In their telling, defeating the SEC isn’t just a win for one token; it’s a strike against regulatory overreach that could benefit the entire digital asset sector.
The End… and the Beginning
XRP traded around $0.56 before the lawsuit and plunged to $0.21 after it hit. Since then, it’s clawed back, boosted by waves of support and, occasionally, schadenfreude toward regulators. With the case closed, the XRP Army is taking a brief victory lap before gearing up for what they insist is the next mission: “push XRP to great heights.”
XRP is taking a breather after some profit taking, new XRP bull run ahead, source: XRP Liquid Index
For now, they’ll enjoy their moment in the sun, secure in the belief that history—and, apparently, the courts—are on their side. Whether the market agrees is a separate battle entirely. XRP to the moon!
