How the XRP Army Fueled Ripple’s Victory in the SEC Lawsuit

Legal analysis suggests that the ‘XRP Army,’ a group of thousands of XRP holders, played a pivotal role in Ripple’s success in its legal battle with the SEC. They submitted detailed affidavits demonstrating their use of XRP for daily transactions, not as an investment based on future profits tied to Ripple Labs. Judge Analisa Torres cited these testimonies when issuing her decision in 2023, ruling that XRP itself is not classified as a security during public trading.  This landmark ruling marks a significant victory for Ripple, even if they were found liable for certain institutional sales. The decision effectively puts a temporary halt on labeling all XRP transactions as securities, giving the company some leeway in its legal defense.