John Deaton Says 75,000 XRP Holders Helped Ripple Executives Fight SEC

What happened

Crypto lawyer John Deaton blames the SEC for the previous Ripple lawsuit, describing the SEC lawyers involved as ethically challenged.

Confirmed

Global impact / market context

If the XRP community’s backing influences the court outcome, Ripple could gain a regulatory win, boosting XRP demand and encouraging other crypto projects to mobilise token‑holder support in legal battles.

Analyst inference

John Deaton says roughly 75,000 XRP holders supported Ripple executives in their legal fight against the SEC, and he criticises the SEC lawyers as ethically challenged, suggesting the regulator’s approach may have backfired.

Analyst inference

What to watch

1. Watch for any new SEC filings or court rulings in the Ripple case, as a decision could set precedent for how regulators treat crypto token offerings. Analyst inference
2. Monitor XRP price and trading volume for spikes that may reflect holder sentiment after any legal updates, indicating market reaction to the lawsuit’s progress. Analyst inference
3. Track regulatory commentary on crypto‑lawyer conduct, because heightened scrutiny could affect future litigation strategies for both firms and token holders. Analyst inference

Affected assets

• XRP — XRP

Evidence

• u.today