Ripple's legal battle with the SEC has concluded with a mixed ruling regarding the classification of XRP as a security. The case began in 2020 when the SEC accused Ripple of conducting an unregistered securities sale. A notable aspect of the ruling is the acknowledgment by both Ripple's lawyers and the judge of the contributions made by the 'XRP Army', a term used to refer to the passionate community of XRP supporters. Lawyer John Deaton noted that the XRP Army's efforts significantly influenced the case's outcome. Judge Analisa Torres cited Deaton's arguments and the affidavits from XRP holders in her ruling, stating that XRP sold on exchanges does not qualify as a security, although some institutional sales do. The legal battle was finally resolved in August 2025 when both parties dropped appeals. The prolonged uncertainty around the classification of XRP led to significant price volatility, with the token experiencing a dramatic rise before stabilizing around $2.85.

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