As you know, prices for Ripple tokens are falling and the company itself is preparing for trial. Not without the fact that a group of XRP enthusiasts rallied around the petition, which is able to force the White House to give an official statement on the recent SEC lawsuit that Ripple conducted an unregistered placement of securities.
The name of the petition on the official website of We The People is "We, the people, ask the federal government to consider XRP, the virtual currency, a currency." More than 10,000 signatures have already been collected.
We The People allows users to create petitions that, after reaching 100,000 signatures within 30 days, will trigger an official White House response.
The XRP petition calls on the SEC to "drop the lawsuit" citing FinCEN's previous determination that XRP is a currency. The petition also cites XRP's rapidly deteriorating market capitalization — a drawdown that the company's Joshua Frank called "the third-largest collapse of all time" - as well as "hundreds of thousands of ordinary Americans" who are "suffering irreparable damage and losses.""
Recall that after the SEC filed a lawsuit on December 22, the number of major exchanges that excluded XRP from the list continues to grow, and Ripple issued a statement urging investors and the press to wait to hear the company's version before making any conclusions.