- Ripple Labs celebrates Christmas, adding to the delight of its landmark victory against the SEC.
- The platform shared its greetings and gratitude to the XRP community.
- John Deaton acknowledged the 75K XRP holders who joined him in his fight against the SEC.
Ripple Labs has made the crypto community merry on the grand Christmas Day, reflecting on the platform’s victorious journey over the past months. While 2023 comes to an end and 2024 approaches, Ripple emerges successful and compliant with regulations, sharing gratitude with the whole community.
Tracing back to December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit against Ripple, accusing the platform and its key executives of being involved in “conducting $1.3 billion unregistered security offerings.” However, following long struggles, Ripple secured a landmark victory against the regulators in July 2023, when Judge Analisa Torres concluded Ripple’s XRP was a non-security.
In October, the SEC dropped charges against Ripple CEO Brad Garlinghouse and Co-Founder Chris Larsen, adding another feather to Ripple’s cap. While the XRP community, often known as XRP Army, overwhelmingly celebrated the firm’s remarkable growth, Ripple shared its greetings and gratitude on X, tweeting,
As the year comes to a close, we want to express gratitude to our partners, customers, and you, our community, for your support. From all of us at Ripple, wishing you a season of joy, and a remarkable road ahead in 2024!
The post received a bundle of comments, with the community joining Ripple’s celebration. XRP attorney John Deaton’s post reminded the community of Christmas Eve three years ago when the SEC sued Ripple. In a bid to support Ripple and prove XRP’s non-security status, Deaton decided to fight back, and about 75,000 XRP holders joined his army. Sharing his gratitude to the 75k supporters, Deaton wrote, “Merry Christmas to the 75K XRP holders who joined me.”
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