Over the course of Ripple’s legal battle with the US Securities and Exchange Commission (SEC), John Deaton has emerged as one of the most prominent voices in support of the crypto company. The result was a list of 75,000 potential intervenors, all of whom own XRP.
Until now, the regional composition of this list of 75,000 holders was unknown. But Deaton has finally revealed which countries are leading the way as ‘potential interveners’.
The United States tops the list with 75,000 XRP holders
In a tweet shared on the X platform (formerly Twitter), Deaton revealed to his more than 292,000 followers that the United States made up the majority of the list of 75,000 XRP holders. The tweet highlighted that US holders currently make up 53% of the list, making it the leading region.
Moving forward, the pro-XRP advocate points out that Britain has the second largest holder base on the list. This is then followed by Australia, which the lawyer excitedly reveals has risen to third position since the last time he checked the list of holders. However, Deaton explained that Australia’s lead over Canada in fourth place only amounts to a difference of about 11 holders.
The lawyer’s tweet comes in response to an announcement from Wave of Innovation official X that Deaton would be the keynote speaker at an upcoming event. The “XRP Gold Coast” event was scheduled to take place from March 22 to 24 in 2024, and Deaton was chosen as the keynote speaker for his “significant contributions to the XRP community through his legal work and advocacy efforts.”
Deaton then emphasized his pleasure to be the keynote speaker at this event by pointing out Australia’s growing dominance among the list of 75,000 XRP holders. “I couldn’t say no or pass up the opportunity to meet many of them,” he tweeted.
I checked the 75K #XRP Holder list. Australia ???????? has moved to the #3 spot. About 53% of 75K #XRP Holders come from the United States ????????
The United Kingdom ???????? comes in at number 2. Next, Australia ???????? has a very narrow lead (i.e. about 11 people) over Canada ????????, as the third most… https://t.co/HYfaNOioju— John E. Deaton (@JohnEDeaton1) September 10, 2023
Token price loses $0.5 support | Source: XRPUSD on Tradingview.com
Representing the interests of investors
John Deaton’s fame, especially among crypto investors, first came when the lawyer started advocating for XRP holders. As Ripple Labs battled the SEC in the courtrooms, Deaton was the attorney of choice for XRP investors looking to make their voices heard in the case.
Support for Ripple had grown rapidly as many cited the regulator’s actions as an overstep. Meanwhile, the number of XRP investors throwing their hat into the ring grew to more than 75,000 on Deaton’s list.
According to the lawyer, the fact that XRP investors are on this ’75K list’ meant that they could potentially demand reimbursement if the price of XRP suffered as a result of the regulator’s actions.
The legal battle that began in 2020 is currently still ongoing, with the SEC filing a summary judgment in response to Judge Analisa Torres’ ruling in July. So it remains to be seen whether or not there will be any refund for XRP holders affected by the regulator’s actions.
Featured image from Bitcoinist, chart from Tradingview.com