John Deaton: On Behalf of 75,000 XRP Holders, It’s About Time
2025-07-18 14:17:15
Main Idea
John Deaton, representing 75,000 XRP holders, celebrates XRP's resurgence after a four-year legal battle with the SEC, which has led to a significant price surge and increased institutional confidence.
Key Points
1. John Deaton filed an amicus brief on behalf of 75,000 XRP holders in the SEC lawsuit against Ripple, which became a key part of Ripple's defense.
2. Judge Analisa Torres ruled in July 2023 that XRP is not a security, a landmark victory for the crypto community.
3. XRP's price surged to approximately $3.60 by July 18, 2025, nearing its all-time high of $3.84 from 2018.
4. Open interest in XRP futures exceeded $10 billion, indicating strong market confidence and bullish sentiment.
5. The launch of a ProShares XRP ETF signals Wall Street's increasing comfort with XRP, further legitimizing it as a long-term digital asset.
Description
In a moment that reflects both vindication and momentum, prominent crypto attorney John Deaton took to X to celebrate XRP’s resurgence. Reacting to a post by Arrington Capital founder Michael Arrington, who wrote, “XRP is just showing off at this point,” Deaton replied: “After being held down for 4 years, on behalf of 75K XRP holders, it’s about time!” Deaton’s comment isn’t just a passing remark; it echoes years of legal struggle, retail frustration, and the fight for fair treatment under U.S. ...
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