- John Deaton confirmed that he owns between $1 million and $5 million price of XRP as of August 2024.
- Deaton prioritizes equity and emphasizes combating in opposition to SEC overreach.
- Though Deaton owns extra BTC and ETH than XRP, he champions the rights of the XRP group.
XRP supporter John E. Deaton has revealed his funding and place on the SEC's lawsuit in opposition to Ripple. In a publish on X, Deaton defined that his XRP holdings are price between $1 million and $5 million as of August 2024. He additionally talked about that he owns extra Bitcoin (BTC) than XRP. Deaton emphasised that his combat is just not for private acquire, however for justice for the XRP group.
On the time of disclosure to the FEC (August 2024), Deaton publicly declared XRP investments starting from $1 million to $5 million. He clarified that that is the August 2024 worth and should have modified since then.
Deaton is understood for being a vocal opponent of the SEC's actions in opposition to Ripple. He has performed an essential function by serving as amicus curiae, offering authorized perception, and defending the rights of XRP holders.
Deaton refutes grifter accusations in Bitcoin controversy
However maybe what caught his consideration was that one critic referred to as him “XRP GrifterFor holding extra Bitcoin than XRP whereas rallying for the XRP group. Deaton instantly responded to the accusation, saying:
“From day one, I’ve all the time made it clear that I personal extra BTC than XRP. It's not about my bag. It's about what's proper.”
Please additionally learn: Ripple unlocks 500 million XRP as President Trump's crypto insurance policies increase market sentiment
He identified that his XRP holdings aren’t a secret, and the knowledge was made out there to the general public by way of his monetary disclosure when he ran for the U.S. Senate.
Deaton’s dedication to XRP holders
Deaton cited a Fox Enterprise article that expressed dissatisfaction with the SEC's actions in opposition to XRP holders, claiming they’re being unfairly focused. The SEC lawsuit reportedly triggered his personal funding in XRP to drop considerably, prompting him to take authorized motion.
He additionally confirmed that he met with Jay SpendDBits in Canada to debate Spend_The_Bits, a challenge that leverages XRP for funds. His message to critics was clear.please do analysis.
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