{"id":934,"date":"2024-10-10T04:04:07","date_gmt":"2024-10-10T04:04:07","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=934"},"modified":"2024-10-10T04:04:07","modified_gmt":"2024-10-10T04:04:07","slug":"ripple-vs-sec-legal-battle-xrp-army-joins-the-fight-with-new-petition","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=934","title":{"rendered":"Ripple Vs. SEC Legal Battle: XRP Army Joins The Fight With New Petition"},"content":{"rendered":"
\n

The XRP army<\/a> has actively joined the battle in the legal case between Ripple and the United States Securities and Exchange Commission (SEC), showing support for the crypto payments company with a new petition. The petition which highlights the SEC\u2019s harmful enforcement actions with its new appeal<\/a> has already garnered thousands of signatures from various community members.\u00a0<\/p>\n

XRP Army Launches Petition Against The SEC<\/h2>\n

The XRP army, consisting of millions of Ripple supporters, XRP investors<\/a> and normal enthusiasts, are uniting to push back against the SEC\u2019s latest legal assault on Ripple. On October 2, the regulator filed an appeal<\/a> targeting Judge Analisa Torres\u2019s ruling in 2023 which determined XRP\u2019s non-security status.\u00a0<\/a><\/p>\n

In an effort to challenge this appeal, the XRP army officially launched<\/a> a petition on October 3 to express their frustration with the SEC\u2019s enforcement actions against Ripple and the nearly<\/a> four-year legal dispute<\/a>. The XRP army revealed that the purpose of the petition, which was launched on the Change.org website, was to put a complete stop to the SEC\u2019s appeal and ongoing litigation against Ripple.\u00a0<\/p>\n

In the petition, the XRP described their past unfortunate experiences due to the SEC\u2019s lawsuit against Ripple<\/a> in 2020. They disclosed that they have been in an unwavering battle with the regulator for almost four years, with this period characterized by the community\u2019s united efforts to publicly and vocally defend the legitimacy of Ripple.\u00a0<\/p>\n

Despite their efforts to shed the SEC\u2019s legal constraints on Ripple<\/a>, the regulator has remained persistent in its pursuit to classify XRP as a security.<\/a> The petition has condemned the agency\u2019s latest attempt to challenge the court\u2019s ruling, labeling its recent appeal as \u201cfrivolous\u201d while arguing that it introduces needless complexity and exacerbates uncertainty within the broader digital currency industry.<\/p>\n

Currently, the XRP army\u2019s petition is nearing its goal, with 9,935 signatures out of the targeted 10,000. As of writing, 1,452 new supporters have signed, with more expected to join before the day\u2019s end.\u00a0<\/p>\n

SEC Appeal To Have Broader Implications On Crypto Space<\/h2>\n

In the recently launched petition, the XRP army criticized the SEC for not fulfilling its core mission of protecting investors<\/a>, maintaining fair growth and supporting capital growth in the country. They argue that the regulator has instead prolonged legal actions against Ripple, ultimately causing XRP harm to XRP investors<\/a> and the broader crypto industry.\u00a0<\/p>\n

The XRP army has noted that the SEC\u2019s new appeal is baseless and aims to threaten the future of XRP<\/a> and the crypto space as a whole. They stressed that the ramifications of the regulator\u2019s litigation against Ripple extend beyond the crypto payments company, having larger implications for the entire digital asset industry.\u00a0<\/p>\n

As a result, the XRP army has called on the whole community to support the petition which has been created to protect the interest of all digital asset enthusiasts globally who are inspired by the future of the Decentralized Finance (DeFi) ecosystem.\u00a0<\/p>\n

\"XRP<\/div>\n","protected":false},"excerpt":{"rendered":"

The XRP army has actively joined the battle in the legal case between Ripple and the United States Securities and Exchange Commission (SEC), showing support for the crypto payments company with a new petition. The petition which highlights the SEC\u2019s harmful enforcement actions with its new appeal has already garnered thousands of signatures from various […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-934","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/934","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=934"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/934\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}