John Deaton’s XRP advocacy earned praise from Bill Morgan for exceptional attorney integrity.
Ripple’s XRP faced setbacks due to the SEC lawsuit but regained momentum with surging trading volumes.
Deaton highlighted XRP’s 2012 dominance, before stablecoins, and Ripple’s role in cross-border payments.
The 2020 lawsuit filed by the United States Securities and Exchange Commission (SEC) against Ripple not only challenged the fintech firm but also damaged XRP’s standing in the crypto market, according to trial attorney John Deaton. Known for his strong defense of Ripple and XRP advocacy, Deaton described the SEC’s legal action as overreaching, causing widespread harm to Ripple’s operations.
In a post on X (formerly Twitter), Deaton claimed, “One cannot properly estimate the damage to Ripple’s business caused by the sweeping nature of the SEC’s complaint against Ripple and XRP.” Before stablecoins entered the market, XRP held a dominant position in 2012, demonstrating its early significance.
I do not believe one can properly estimate the damage to Ripple’s business caused by the sweeping nature of the SEC’s complaint against Ripple an…
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