Crypto lawyer John Deaton blames XRP, verifying Cardano every second

John Deaton, a well-known lawyer for XRP holders, has flagged claims circulating in the crypto space as false. In particular, the claim concerns the role of various crypto assets within the US government, with particular references to XRP, Cardano (ADA) and Solana (SOL).

Set the XRP and Cardano records straight

Deaton revealed in a post on X that the Securities and Exchange Commission (SEC) did not issue a statement. “Guys: @secgov didn’t release anything like that,” he wrote.

It is now necessary to clarify XRP lawyers. Because iterations of Cryptorus’ original post suggested that the SEC had categorized XRP, ADA, and SOL for a particular use case. These include financial transactions, smart contracts and security of voting mechanisms.

But Deaton exposes his claims as misinformation, especially as he gains traction with code. The moment he responded to his claim, the post had already won over 560,000 views on X.

Analysts say that “claims” can cause positive feelings in XRP, but they believe it is correct to blame it. They view that allowing false claims could prove harmful to the image of the property in the long term.

Why is Deaton’s warning important?

Deaton encouraged XRP holders to be cautious and avoid believing in misinformation. Experts say that malicious actors can decide to create harmful links from such “suspected roles” for XRP to steal owner funds.

Thus, Deaton’s posts were motivated by the need to set the records straight and protect XRP users.

As reported by U.Today, Deaton urged community members to remain vigilant and to verify information they claimed to have originated from reliable sources. He argued that this was important to avoid victims of malicious actors online.

As of the time of reporting, this update has not had any negative impact on XRP or Cardano. Data shows the former has increased by 3.83% over the past 24 hours, while the latter has increased by 3.74% to $0.7472 at $2.40.