The post Attorney John Deaton Prefers Two Cryptos Over XRP appeared on BitcoinEthereumNews.com.

Attorney John E. Deaton, known for his role as amicus curiae in the Ripple vs. SEC case, made a significant revelation regarding his cryptocurrency investments. Deaton, a staunch supporter of XRP, disclosed that his portfolio preferences lean more towards Bitcoin (BTC) and Ethereum (ETH). Deaton Owns 10x More Bitcoin Than XRP In a candid statement, Deaton clarified that he was not an angry investor who only wanted to sue the US Securities and Exchange Commission over his personal losses.“ Anyone who has seriously followed me knows this. When I sued the SEC, SEC lawyers like Jorge Tenreiro lied and told the Judge I was a disgruntled XRP holder who was upset because I bet on the wrong token and lost money.” However, the truth is completely different, as Deaton elaborated yesterday. When the SEC filed the lawsuit against Ripple Labs and its executives on December 22, 2020, Deaton already “made significant money on XRP.” He also added that at the time, he owned three cryptocurrencies. “XRP was my smallest investment behind BTC and ETH. […] But, I did buy more XRP AFTER the lawsuit because I knew we would win. Plus, It was like betting on myself and betting the judge would follow the law,” Deaton revealed. The lawyer also expressed his frustration with the SEC’s allegations, underscoring the absurdity and danger of their claims. He clarified his stance on Bitcoin and Ethereum, noting, “One correction: I’ve never moved on from Bitcoin. When I sued the SEC, I owned 10X more in BTC and 4X more in ETH than I did XRP – even though I highlighted the ETH regulatory free pass, as well as the massive conflicts of interests and improprieties involved in the free pass.” The investment in ETH in particular is likely to come as a surprise…

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Filed under: News - @ December 4, 2023 8:26 am