Analyzing XRP Holder Demographics: Insights from a Legal Expert

Pro-Ripple Attorney Reveals Demographics of XRP Investors

In the ongoing case against the United States Securities and Exchange Commission (SEC), John Deaton, an attorney representing approximately 75,000 XRP investors, has provided insights into the demographics of these investors.

On September 10th, Deaton took to Twitter to share the breakdown of where most of the investors are from.

Where Are XRP Investors Mostly From?

According to Deaton, around 53% of the 75,000 XRP holders in his list are from the United States. Following the US, the United Kingdom holds the second spot, and Australia comes in at number three.

Interestingly, there is a negligible difference between the number of holders in Canada and Australia, with only around 11 people separating the two countries.

Ripple v SEC: Recent Developments

In recent developments of the Ripple v SEC case, the SEC has argued in a new filing that it has an “institutional interest” in efficiently resolving the litigation.

In response to Ripple’s motion against the SEC’s request for an interlocutory appeal, the watchdog stated:

“The SEC, like the Court, has an institutional interest in the most efficient ultimate resolution of this litigation. Defendants’ interest, by contrast, is to delay an ultimate resolution so that they may continue freely selling XRP into public markets without the disclosures that come with registration, to the tune of over $3 billion net ODL sales since 2020 alone.”

It is important to note that the SEC claims that secondary sales of XRP on the open market should be considered an investment contract, a notion that Judge Analisa Torres dismissed in her most recent ruling.