75,000 XRP Holders Unite Behind 'XRP Ripple Lawyer' in Landmark SEC Case
John Deaton, the self-proclaimed 'XRP Ripple Lawyer,' has made a significant impact in the crypto world. His journey began like many others, with Bitcoin, then Ethereum, and eventually XRP, which he was drawn to due to its fast transaction settlement times.
It wasn't until his daughter turned 18 that Deaton's involvement in the case took off. He gave her $15,000 in birthday money, which she used to buy Bitcoin, Ethereum, and XRP on her own judgment.
When the SEC sued Ripple and argued that XRP was an unregistered security, Deaton immediately thought of his daughter and others like her who bought XRP without relying on Ripple's efforts. He filed a motion representing everyday XRP holders with no relationship to Ripple, which eventually grew to include 75,000 XRP holders from around the world.
The effort was met with skepticism, with some assuming that Deaton was being paid by Ripple. However, he insisted that his motivation was frustration over the government's claim and a desire to protect those affected.