As token costs plunge and Ripple prepares for court docket, a band of XRP fans have rallied round a petition that will power a White Home assertion on the current SEC lawsuit alleging Ripple performed an unregistered securities providing. 

A petition filed on the White Home-run We the Individuals web site titled “We the Individuals ask the federal authorities to deem XRP, the digital forex, a forex,” has now crossed 10,000 signatures.

Created by the Obama administration in 2011, We the Individuals permits customers to create petitions that, upon reaching 100,000 signatures inside 30 days, will immediate an official White Home response. Whereas lots of the petitions are severe, the platform has been dwelling to multiple lark: one of the well-known petitions referred to as for the development of a Demise Star.

The XRP petition, created by “J.W.”, requires the SEC to “stop” its “frivolous” lawsuit, referencing a earlier FinCEN willpower that XRP is a forex. The petition additionally references XRP’s rapidly-deteriorating marketcap — a drawdown that TheTIE’s Joshua Frank has referred to as the “third largest collapse of all-time” — in addition to the “a whole bunch of 1000’s of abnormal People” who’re “struggling irreparable hurt and damages.”

The petition effort comes as Ripple prepares for a February pretrial convention, the primary of what could show to be a protracted and contentious authorized course of. Following the SEC’s submitting a go well with on December twenty second, the variety of main exchanges who’ve delisted XRP continues to develop, and Ripple has launched a press release encouraging buyers and the press to attend to listen to the corporate’s aspect of the story earlier than coming to any conclusions. 

Because the authorized course of strikes ahead, petition signers discover themselves with few choices. Mentioned one redditor:

“I really feel like you would get one million signatures and it wouldn’t do a rattling factor. That being stated, I signed it.”