XRP Community Marks Three Years Since Judge Torres' Landmark Decision

The XRP community is celebrating a significant milestone as it marks three years since Judge Analisa Torres issued a summary judgment decision in the SEC v. Ripple case on July 13.

Judge Torres ruled that XRP is not a security, holding that Ripple's sales of XRP through secondary trading platforms did not constitute securities transactions, while its direct sales to institutional investors did.

CryptoLaw founder John Deaton highlighted how the XRP community made a difference in the case. He noted that his amicus brief on behalf of nearly 76,000 XRP holders was cited by Judge Torres among other amicus briefs, and that she also referenced the nearly 4,000 XRP holder affidavits submitted in the case.

Deaton stated that he specifically asked the court to affirmatively declare XRP itself not a security, as it is nothing more than digital code. Judge Torres addressed this in her summary judgment, declaring XRP not to be a security in itself.