John E. Deaton, the lawyer representing XRP holders in the Ripple vs. SEC case, has provided insights into the regional distribution of his clients. This sheds light on the global nature of the XRP community.
Global Spread of XRP Holders:
– United States: Approximately 53% of the 75,000 XRP holders represented in the lawsuit are from the United States.
– United Kingdom: The second-largest representation of XRP holders, indicating a significant presence from this region.
– Australia: Surprisingly, Australia has moved to the third spot, narrowly ahead of Canada, among the countries with the most XRP holders involved in the lawsuit.
This information has garnered attention within the crypto community, emphasizing the borderless nature of cryptocurrencies and the diverse community they attract.
The outcome of the Ripple-SEC case is expected to have implications for the regulatory framework and investment climate, not only in the United States but also in the United Kingdom and other countries.
John E. Deaton has expressed his excitement about meeting many of these XRP holders personally, demonstrating his dedication to his clients and the broader XRP community.
The XRP case serves as a reminder of the need for clear and consistent crypto regulations that can accommodate the global nature of digital assets. The verdict will not only impact XRP but could also influence the treatment of other cryptocurrencies under the law.
Meanwhile, the current XRP price stands at $0.4972, reflecting a 1.38% increase in the past 24 hours, indicating market activity and interest in the digital currency.