The U.S. Securities and Exchange Commission (SEC) has officially closed its legal dispute against Ripple Labs Inc., a landmark case stemming from a lawsuit filed in December 2020 alleging that Ripple engaged in a $1.3 billion unregistered securities offering. Ripple denied these allegations, claiming XRP is not a security. The XRP Army, a strong community of supporters, is now celebrating what they see as validation of their stance that they have always been on the 'right side of history.' This sentiment echoes a statement made by Ripple CEO Brad Garlinghouse in 2020. Following a joint filing to end appeals from both the SEC and Ripple, XRP has seen significant price increases. Community leaders noted that the legal battle has not only bolstered the XRP Army but has also set a precedent for cryptocurrency regulation in the U.S. Many members believe that despite the challenges faced, the experience has strengthened their community and left them with newfound resolve to advance the cryptocurrency further.

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