Insights into the Global Nature of XRP Holders in Ripple vs. SEC Case
According to John E. Deaton, the lawyer representing XRP holders in the Ripple vs. SEC case, the majority of plaintiffs are from the United States, comprising approximately 53% of the 75,000 XRP holders involved in the lawsuit. The United Kingdom holds the second position, indicating a significant presence of XRP holders from this region. Australia has moved up to the third spot, narrowly ahead of Canada. The global composition of XRP holders involved in the lawsuit highlights the borderless nature of the crypto space and the diverse community of users and investors it attracts.
The Ripple Effect: Implications for Crypto Regulations
The participation of XRP holders from around the world in the lawsuit emphasizes the need for clear and consistent crypto regulations that can accommodate the global nature of digital assets. The outcome of the Ripple-SEC case will impact not only XRP but also how other cryptocurrencies are treated under the law. Regardless of the verdict, the XRP price has seen a 1.38% increase over the past 24 hours, indicating market activity and interest in the digital currency.
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