Pro-XRP Lawyer John Deaton Reveals The Countries Topping The 75,000 Holder List
September 11 2023 - 09:00AM
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Over the course of Ripple’s legal battle with the United States
Securities and Exchange Commission (SEC), John Deaton has grown to
become one of the most prominent voices in support of the crypto
firm. The result of this was a list containing 75,000 potential
intervenors, all of which hold XRP. Up until now, the regional
composition of this 75,000-holder list has been unknown. But Deaton
has finally revealed which countries are leading the pack as
‘potential intervenors.’ The United States Leads The 75,000 XRP
Holder List In a tweet shared on the X (formerly Twitter) platform,
Deaton revealed to his more than 292,000 followers that the United
States made up the majority of the 75,000 XRP holder list. The
tweet highlighted that US holders currently make up 53% of the
list, making it the leading region. Related Reading: Crypto Analyst
Presents Bull Case For XRP Price To Hit $130, Here’s When Going
forward, the pro-XRP lawyer points to the United Kingdom as having
the second-largest holder base on the list. This is then followed
by Australia, which the lawyer excitedly reveals has moved up to
the third position as of the last time he checked the holder list.
However, Deaton explained that Australia’s lead over Canada in the
fourth place only comes down to a difference of around 11 holders.
The lawyer’s tweet comes in response to an announcement from the
Wave of Innovation official X handle that Deaton would be the
keynote speaker of an upcoming event. The event totaled “XRP Gold
Coast” would run from March 22-24 in 2024, and Deaton was picked as
the keynote speaker due to his “significant contributions to the
XRP community through his legal work and advocacy efforts.” Deaton
went on to highlight his pleasure of being the keynote speaker at
this event by pointing out Australia’s growing dominance on the
75,000 XRP holder list. “I could not say no, nor pass on 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 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 Token price loses $0.5 support | Source: XRPUSD on
Tradingview.com Representing The Interest Of Investors John
Deaton’s rise to fame, especially among crypto investors, first
came when the lawyer began advocating for XRP holders. While Ripple
Labs battled the SEC in the courtrooms, Deaton was the attorney of
choice for XRP investors who wanted to make their voices heard in
the case. Support for Ripple had grown rapidly as many referred to
the regulator’s actions as an overreach. Meanwhile, the number of
XRP investors throwing their hats in the ring grew to over 75,000
on Deaton’s list. Related Reading: Can Ripple Control The XRP
Price? Crypto Analysts Weigh In According to the attorney, being on
this ’75K List’ meant that XRP investors could potentially be able
to seek reimbursement if the price of XRP were to suffer as a
result of the regulator’s actions. The legal battle that began in
2020 is currently still ongoing with the SEC filing an
interlocutory appeal in response to Judge Analisa Torres’s ruling
back in July. So whether or not there will be any reimbursement for
XRP holders impacted by the regulator’s actions remains to be seen.
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