Pro-XRP lawyer John E. Deaton has highlighted the impact of ordinary investors in the SEC vs. Ripple lawsuit. Here are the key points:
1. Deaton compiled a list of 75,000 XRP holders worldwide who supported Ripple’s defense by submitting multiple affidavits.
2. Ripple submitted 3,000 affidavits from XRP holders, which were cited by Judge Analisa Torres in her ruling on programmatic sales of XRP.
3. Deaton emphasized that regular people can make a difference in the crypto industry, and the 1300 cited affidavits were from investors.
4. These affidavits came from XRP holders who use XRPL and DEX to transfer money, receive XRP as payment, and use XRP as a substitute for fiat.
5. Some affidavits were from individuals whose retirement funds were frozen pending the court’s decision.
In conclusion, the efforts of XRP holders who submitted affidavits played a significant role in the lawsuit. Regular investors made their voices heard and influenced the court’s decision. The crypto community should be grateful for their unity and efforts.
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