Ripple-SEC Lawsuit Draws in Millions of Users, Says CryptoLaw Founder, Boosting XRP Adoption
The ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has led to a significant increase in the number of XRP holders, according to John Deaton, founder of CryptoLaw.US and a supporter of Ripple. Deaton argues that the regulatory scrutiny has inadvertently served as a promotional campaign for Ripple and its digital asset. With over 4 million XRP wallet addresses now in existence, Deaton suggests that many holders may still be unaware of Ripple’s role and the purpose of XRP. In a separate tweet, Deaton highlighted the fast payment processing capabilities of XRP compared to Bitcoin.