
Jakarta, Pintu News â After almost five years of legal tug-of-war, the United States Securities and Exchange Commission (SEC) has finally officially closed the legal case against Ripple Labs Inc. The lawsuit, which was filed in December 2020, had shaken the cryptocurrency market, especially the Ripple support community.
Now, with the case over, the community known as the XRP Army is celebrating what they consider to be a decisive victory. They believe that this decision is clear evidence that they are on the âright side of historyâ.
Check out the full information here!
Reporting from Decrypt, the SEC accused Ripple of conducting an unregistered securities offering worth $1.3 billion or around Rp21.13 trillion through the sale of Ripple (XRP) tokens. Ripple strongly denies the allegations and states that XRP is not a security but a legitimate cryptocurrency.
This lawsuit triggered the birth of a community of fanatical XRP supporters, which became widely known as the XRP Army.
According to one of its members, MackAttackXRP, the case has been a unifying force and has encouraged solidarity between XRP supporters. The community grew rapidly through social media and support from legal figures such as John Deaton, who represented 75,000 XRP owners in the legal proceedings.
In fact, hundreds of them submitted affidavits to the court in their defense. This changed the stigma of the XRP Army from a mocking term to a symbol of struggle against regulations that were deemed unfair.
On August 8, 2025, the SEC and Ripple formally agreed to end all appeals and lawsuit proceedings, with neither party paying the otherâs legal fees.
Ripple will pay a fine of $125 million or equivalent to Rp2.03 trillion, as previously agreed in June. Both parties have agreed not to pursue this legal conflict to further stages, including the appeals court.
For the XRP community, this decision is a historic moment that proves they were on the right side all along. The slogan âRight Side of Historyâ, which originated from Ripple CEO Brad Garlinghouseâs blog in 2020, is now a kind of moral justification for their struggle.
The community feels that this victory is not just for Ripple and XRP, but for the entire crypto industry that is often subjected to one-sided regulation.
Read also: Exodus of Tokenized Shares in Solana, the Beginning of a New Era of Crypto Assets in Public Markets?
Rippleâs victory against the SEC is believed to have far-reaching implications for the cryptocurrency world as a whole. According to members of the XRP Army, this case serves as a clear example that the âregulation through enforcementâ approach is not a fair way to regulate crypto.
They feel that the regulator has acted as a decider of who can succeed and who cannot, which is against free market principles.
Apart from being a defense of XRPâs legal status, the case also highlights the importance of regulatory clarity in the crypto ecosystem in the US. Ripple and its community believe that this outcome will pave the way for other cryptocurrencies to thrive without excessive legal pressure.
Going forward, the XRP community is ready to refocus on the adoption of the technology and the growth of XRPâs value in the global market.
Thatâs the latest information about crypto. Follow us on Google News to get the latest information about the world of crypto and blockchain technology. Check todayâ s bitcoin price, todayâs solana price, pepe coin and other crypto asset prices through Pintu Market.
Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.
*Disclaimer
This content aims to enrich readersâ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an assetâs past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference: