Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Ripple Vs. SEC Legal Battle: XRP Army Joins The Fight With New Petition

Share This Post

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’s harmful enforcement actions with its new appeal has already garnered thousands of signatures from various community members. 

XRP Army Launches Petition Against The SEC

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

In an effort to challenge this appeal, the XRP army officially launched a petition on October 3 to express their frustration with the SEC’s enforcement actions against Ripple and the nearly four-year legal dispute. 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’s appeal and ongoing litigation against Ripple. 

In the petition, the XRP described their past unfortunate experiences due to the SEC’s lawsuit against Ripple 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’s united efforts to publicly and vocally defend the legitimacy of Ripple. 

Despite their efforts to shed the SEC’s legal constraints on Ripple, the regulator has remained persistent in its pursuit to classify XRP as a security. The petition has condemned the agency’s latest attempt to challenge the court’s ruling, labeling its recent appeal as “frivolous” while arguing that it introduces needless complexity and exacerbates uncertainty within the broader digital currency industry.

Currently, the XRP army’s 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’s end. 

SEC Appeal To Have Broader Implications On Crypto Space

In the recently launched petition, the XRP army criticized the SEC for not fulfilling its core mission of protecting investors, 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 and the broader crypto industry. 

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

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. 

XRP price chart from Tradingview.com Ripple SEC XRP Army

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Ethereum ETH Price Prediction 2025, 2026 – 2030: How High Will Ethereum Go?

The post Ethereum ETH Price Prediction 2025, 2026 – 2030: How High Will Ethereum Go appeared first on Coinpedia Fintech News Story Highlights The Ethereum price today is ETH price with a

The New Claude 4 Coding Model Transforms How AI Agents Function. Presales Like MIND of Pepe to Rally?

Anthropic just announced the release of the Claude 4 coding model, designed to implement new standards for advanced AI reasoning and coding in general This could cause AI agents like MIND of Pepe

Top Crypto Presale: Nexchain is Leading the Crypto ICO List 2025

The post Top Crypto Presale: Nexchain is Leading the Crypto ICO List 2025 appeared first on Coinpedia Fintech News Finding the best presale to purchase before the next bull cycle bursts is every

Top 10 Meme Coins To Invest In 2025!

The post Top 10 Meme Coins To Invest In 2025! appeared first on Coinpedia Fintech News The memecoin industry began with an internet meme turned digital currency, Dogecoin, making its presence felt in

Dogecoin Weekly Chart Shows Bitcoin-Like Movements That Could Trigger Massive Rally

Crypto analyst DOGECAPITAL has highlighted a Bitcoin-like pattern on the Dogecoin chart, which could trigger a parabolic rally Based on his analysis, this rally could send the DOGE price above $10,

Donald Trump’s Treasury Secretary Predicts $2 Trillion Stablecoin Boom

The post Donald Trump’s Treasury Secretary Predicts $2 Trillion Stablecoin Boom appeared first on Coinpedia Fintech News The crypto market erupted in excitement when Donald Trump defeated