John E. Deaton, the lawyer representing XRP holders in the ongoing Ripple vs. SEC case has revealed intriguing insights into the regional composition of those he’s representing, shedding light on the truly global nature of the XRP community.
Global Spread of XRP Holders
Deaton highlighted in a recent tweet that the United States maintains its leading position, with approximately 53% of the 75,000 XRP holders represented in the lawsuit. Given that the lawsuit primarily revolves around Ripple Labs’ activities in the United States, it’s expected that the majority of plaintiffs hail from the country.
The XRP lawyer added that the United Kingdom holds the second position, indicating a substantial presence of XRP holders from this region. It is, therefore, expected that the legal outcome of the Ripple-SEC case will have implications for the regulatory framework and investment climate in the UK.
I checked the 75K #XRP Holder list. Australia 🇦🇺 has moved to the #3 spot. About 53% of the 75K #XRP Holders are from the United States 🇺🇸
The United Kingdom 🇬🇧 comes in at #2. After that, Australia 🇦🇺 has a very small lead (ie like 11 people) over Canada 🇨🇦, as the 3rd most… https://t.co/HYfaNOioju— John E Deaton (@JohnEDeaton1) September 10, 2023
What truly caught the attention of many in the crypto community is Australia’s leap to the third spot. Deaton noted that Australia is narrowly ahead of Canada, making it the third most represented country among XRP holders involved in the lawsuit.
Deaton went on to express his excitement about the opportunity to meet many of these XRP holders personally. This sentiment demonstrates the lawyer’s dedication to his clients and the broader XRP community, as he actively engages with them on social media and beyond.
The Ripple Effect
The fact that XRP holders from around the world are actively engaging in this lawsuit highlights the interconnected and borderless nature of the crypto space. Cryptocurrencies like XRP have transcended geographical boundaries, attracting a diverse community of users and investors.
Regardless of the lawsuit’s ultimate outcome, the XRP case serves as a testament to the growing importance of clear and consistent crypto regulations that can accommodate the global nature of these digital assets. The verdict will not only affect XRP but could also influence how other cryptocurrencies are treated under the law.
Meanwhile, the XRP price currently trades at $0.4972, a 1.38% price increase over the past 24 hours. This suggests some market activity and interest in the digital currency.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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