John Deaton, the founder of Crypto-Law.US, recently disclosed the geographical composition of the 75,000 XRP holders he represents in the SEC v. Ripple lawsuit. Deaton’s revelation underscores the global nature of the XRP community, as the lawsuit has implications that extend beyond the United States.
According to the data, the United States leads with 53% of the total XRP holders on the list. The United Kingdom holds the second position, followed by Australia, which recently moved up to the third spot, surpassing Canada by a margin of only 11 individuals. Given the substantial presence of XRP holders from the United Kingdom, the legal outcome of the Ripple-SEC case could have far-reaching implications for the regulatory framework and investment climate in the UK.
The list was compiled after the SEC charged Ripple for selling XRP as an unregistered security and has been instrumental in Ripple’s defense strategy. Deaton’s representation of these 75,000 XRP holders has been pivotal in challenging the SEC’s stance, thereby playing a crucial role in the legal proceedings.
The list has garnered significant attention and has been a subject of discussion among legal experts and the cryptocurrency community. Deaton’s consistent interaction with the XRP community on various social media platforms, along with his stated intent to meet numerous XRP holders in person, indicates a level of commitment to the wider XRP community.
Meanwhile, Deaton has been announced as the keynote speaker for the XRP Gold Coast 2024 conference. Organized by Wave of Innovation and sponsored by Morgan Mac Lawyers, the event is scheduled for March 22-24, 2024, in Australia. The conference aims to be a nexus for industry innovators, experts, investors, and enthusiasts. It would focus on the latest trends and opportunities in the XRP Ledger (XRPL) and broader blockchain technology.
Amidst this backdrop, the U.S. Securities and Exchange Commission (SEC) recently submitted a 29-page motion for an interlocutory appeal in an attempt to temporarily halt the entire case against Ripple. This move has cast a shadow of uncertainty over the proceedings and has been met with reactions from legal experts and the cryptocurrency community.
