Attorney John Deaton defends XRP against claims that it is “centeredly controlled security.”

The continued disparity between the XRP and Bitcoin communities deepened amid discussions about which assets should be included in the proposed U.S. strategic cryptocurrency reserve. Technology entrepreneur Jason Caracanis has worked on X (formerly Twitter) to claim that XRP is “centeredly controlled security.”

In his post, Caracanis questioned the legitimacy of XRP as a decentralized asset, saying “the securities law is worthless if the SEC allows it to trade like Bitcoin.” He warned that allowing XRP to work like Bitcoin could cause disruption in the market, and that startups and funds could offload large amounts of coins to retail investors. .

Caracanis also argued that such disruption would not benefit the US as the country is known for its stable, controlled market that attracts global investment. He suggests that if XRP is traded only by individuals who have passed the “sophisticated investor test,” then people will be educated about risk before investing too much in projects like XRP. did.

However, Calacanis’ comments sparked criticism from various corners of the crypto world. Crypto Law founder John Deaton responded with a rebuttal, sharing the documents that XRP claimed as a digital token, failing to meet the legal requirements that are classified as investment contracts under the Howey test. Deaton said it counters Calacanis’ view that XRP is centrally managed security, not a “contract transaction or scheme.”

Another user pointed out, “Trump doesn’t care about investor protection. Keep an eye on the approach to CFPB and other departments looking for these issues. Instead, he offers big money. As debate continues, the future of XRP in the US crypto scene remains uncertain, with continued debate about its regulatory classification and potential inclusion in national crypto reserves. there is.