As token prices drop and Ripple is ready to court, a group of digital currency (XRP) advocates have rallied around a petition that might force a statement to the White House regarding the latest lawsuit that Filed by the Securities and Exchange Commission, which claims that Ripple has made an unregistered securities offer.
and Queen Telegraph reported that a petition was filed on the White House's We the People website entitled We the People We ask the federal government to consider XRP, the currency The default, currency, has now passed 10,000 signatures.
We the People, created by the Obama administration in 2011, allows users to create petitions that, upon reaching 100,000 signatures within 30 days, will result in an official response from The White House.
While many of the petitions are serious, the platform has been home to more than one joke: one of the most famous petitions calling for the construction of the Death Star.
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The XRP petition, set up by JW, calls on the Securities and Exchange Commission to stop the frivolous lawsuit, referring to a previous decision by the Financial Crime Enforcement Network that XRP is Coin.
the petition also refers to a rapidly deteriorating XRP market - a downturn that Joshua Frank of The Tay described as the third largest crash ever - as well as the hundreds of thousands of ordinary Americans Suffering from irreparable damage.
The petition effort comes as Ripple prepares to hold a pre-trial conference in February, the first of what could be a long and contentious legal process.
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After the SEC filed a lawsuit on December 22nd, the number of major exchanges that canceled XRP continues to grow, and Ripple issued a statement encouraging investors and the press to wait to hear their side The company from the story before reaching any conclusions.
As the legal process progresses, petition signers find themselves faced with few options. As one Reddit user said: I feel like you can get a million signatures and that won't change anything. However, I signed it.
