- John Deaton confirms possession of $1-5 million XRP as of August 2024.
- Deaton emphasizes his combat in opposition to SEC overreach and favors equity.
- Deaton owns extra BTC and ETH than XRP, however defends the rights of the XRP group.
XRP advocate John E. Deaton clarified his investments and stance on the SEC lawsuit in opposition to Ripple. In a submit on X, Deaton defined that his XRP holdings had been valued between $1-5 million as of August 2024. He additionally famous that he owns extra Bitcoin (BTC) than XRP. Deaton emphasised that his combat isn’t about private acquire, however justice for the XRP group.
On the time of the FEC disclosure (August 2024), Deaton publicly declared an XRP funding value between $1-5 million. He specified that this was the worth as of August 2024 and will have modified since then.
Deaton is thought for his vocal opposition to the SEC's actions in opposition to Ripple. He performed a key position by serving as amicus curiae, offering authorized insights and advocating for the rights of XRP holders.
Deaton Rebuts Grifter's Accusations in Bitcoin Debate
What most likely caught his consideration, nonetheless, was when one critic accused him of being “XRP Grifter” for holding extra bitcoins than XRP whereas supporting the XRP group. Deaton was fast to handle the accusation, stating,
“From day one, I’ve all the time disclosed that I personal extra BTC than XRP. It's not about my luggage; it's about what's proper.”
Learn additionally: Ripple Unlocks 500M XRP As Trump's Crypto Agenda Boosts Market Sentiment
He identified that his XRP holdings had been no secret and that the knowledge was publicly accessible by his monetary disclosures when he ran for the US Senate.
Deaton's dedication to XRP holders
Deaton cited a Fox Enterprise article through which he expressed frustration with the SEC's actions in opposition to XRP holders, arguing that they had been unfairly focused. His personal funding in XRP is claimed to have dropped considerably because of the SEC lawsuit, which prompted him to take authorized motion.
He additionally confirmed his assembly in Canada with SpendDBits' Jay to debate Spend_The_Bits, a venture that makes use of XRP for funds. His message to critics was clear: “Do your analysis.
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