Deaton's SEC Lawsuit Propels Ripple's RLUSD Market Cap to $1.33 Billion
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 01 2026- Legal Challenge Impact: John Deaton's lawsuit against the SEC, initiated on January 1, 2021, questions the agency's 'excess authority' in cryptocurrency regulation, significantly influencing not only XRP investors but also shaping the future of blockchain technology.
- Power of Collective Action: Thousands of XRP investors actively participated in the case, driving a shift in judicial perspectives that argued cryptocurrencies should not be automatically classified as securities, thereby fostering a fairer regulatory framework that promotes innovation.
- Rise of RLUSD Stablecoin: Following the resolution of the SEC-Ripple case, Ripple launched its stablecoin, RLUSD, in December 2024, which swiftly ranked 52nd among cryptocurrencies within a year, achieving a market cap of approximately $1.33 billion, indicating strong market competitiveness.
- Strategic Partnerships Expansion: Ripple's strategic partnerships in Africa and the Middle East further bolstered RLUSD's adoption, with investor wallet numbers increasing from around 6,500 to over 6,710, highlighting intensifying competition with traditional players like Tether and Circle.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
