Bittime - Eddie Lobanovskiy, the original designer of the XRP logo, recently introduced a new logo for the XRP community known as XRP ARMY.
This new logo is designed to symbolize strength and unity, further strengthening the spirit of the XRP community in fighting for Ripple's legitimacy amidst legal proceedings with the SEC.
New Logo, New Spirit
After seven years of creating the iconic XRP logo, Lobanovskiy is now back with a new design that is bolder and full of meaning. The XRP ARMY logo is described as a "helmet of courage" and the "unstoppable X" symbol, symbolizing the strength and resilience of the XRP ARMY community in facing challenges.
Read also: History of Ripple (XRP) that you must know
Lobanovskiy stated that "XRP Army is not just a community, it is a movement. We will win." This statement shows an unquenchable fighting spirit even though the XRP community continues to struggle amidst various obstacles, especially those coming from the SEC.
XRP Community Enthusiasm
The launch of this new logo was welcomed very positively by the XRP community. Many fans feel proud to be part of this movement, and quite a few have expressed admiration for Lobanovskiy's work.
One user wrote, "I just found out that you designed the XRP logo. I've admired your work for a long time, Eddie, but now you're one of my favorite artists."
Another user also added, "I'm so proud to be a part of the #XRPArmy movement. And now, with this new logo, it feels like it's next level. Thank you so much for this logo!"
Community Support for Ripple Amid Legal Cases
XRP ARMY has been a staunch supporter of Ripple, especially during its lengthy legal proceedings with the SEC. Last October, they created a petition on Change.org asking the SEC to drop its appeal in the case.
The petition has now received nearly 10,000 signatures. Ripple supporters feel that the SEC's legal actions only create unnecessary instability in the crypto market.
Read also: XRP Predicted to Break All Time High (ATH) Before January
This petition also highlights the long struggle between Ripple and the SEC, which has been going on for more than four years. XRP ARMY argues that the SEC's move goes against its goal of protecting investors and creating a fair market.
Ripple vs SEC: Ongoing Drama
The legal case between Ripple and the SEC began in December 2020, when the SEC accused Ripple Labs of selling XRP as an unregistered security. Ripple denied the allegations. In the latest development, the SEC must file its appeal by January 15, just days before SEC Chairman Gary Gensler ends his term.
There is speculation that Gensler might try to solve some big cases, including the Ripple case, before he leaves.
However, it is unclear whether that will happen. Gensler will be replaced by Paul Atkins, a former SEC commissioner known for supporting looser regulations, especially in the crypto industry.
Conclusion
With the presence of the new XRP ARMY logo, the fighting spirit of the XRP community is increasingly visible.
This logo is not only a symbol of strength, but also emphasizes the relentless fighting spirit in facing various challenges, including legal battles with the SEC.
Ripple supporters hope this struggle will result in victory and lead XRP to a brighter future.
FAQ Ripple (XRP)
What is XRP?
XRP is a cryptocurrency designed to make cross-border transactions easier in a fast and low-cost manner, using a decentralized ledger system called the XRP Ledger.
What is the difference between Ripple and XRP?
Ripple is a company that develops payment technology, while XRP is a digital currency used in the RippleNet network for international transactions.
Why is XRP in legal trouble with the SEC?
The SEC sued Ripple for selling XRP as a security without official registration, which is considered a violation of capital market regulations.
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Reference
Coin Market Cap, Ripple News: New ‘XRP ARMY’ Logo Revealed by Original Designer of XRP Logo, accessed December 16, 2024.
Coinpedia Ripple News: New ‘XRP ARMY’ Logo Revealed by Original Designer of XRP Logo, accessed December 16, 2024.
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