XRP Holder’s Lawyer Reveals Regional Composition of His Clients

XRP Holder’s Lawyer Reveals Regional Composition of His Clients

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.

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.

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Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on Twitter, Linkedin

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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