The XRP discussion seems to be over. If anything, it’s picking up steam again just as Altcoin gains traction at major institutional milestones. It is also drawn back to legal discourse.
In this case, Ripplev, the legal representative of the XRP holder. John Deaton, a lawyer and prominent voice in the Sec battle, has recently been overwhelmed after X critics dismissed cryptocurrency as fraud and pushed Bitcoin and Ethereum as their only legal digital assets.
Deaton’s response didn’t just protect XRP. It challenged broader framing of regulatory fairness in cryptography. His angle is as follows: Even if Ripple’s team was cashed too hard, if you think XRP isn’t your favorite coin, it doesn’t mean that SEC classification has been justified. Deaton’s point was about not liking XRP, but opposing how it was treated.
For him, all XRP is security, and no matter how you acquire it, you’ll cross the line. Such a way of thinking, he argued, overlooking what market freedom is.
He is not even skeptical of Bitcoin, as Deaton stated that 80% of his net worth is sitting in BTC. When he criticizes the SEC, it’s not from the pro XRP tribal attitude. It’s about how rules are applied and whether they are used as tools or weapons.
Meanwhile, XRP has just won a big victory, and CME has announced that XRP futures trading will begin on May 19, 2025. Such movements usually show increased comfort from big money players. But as assets take a step forward, new legal clouds are caught up in them.
XRP was recently listed as unregistered security in a new lawsuit against Coinbase filed by Oregon Attorney General Dan Layfield. It wasn’t alone. It included other well-known tokens such as ADA, Avax, Aave, Uni, Link. The Paradigm Justin’s Massacre flagged the movement, and Coinbase dismissed it as an over-regulation of regulations decorated as enforcement.
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