The post John Deaton Recalls XRP Non-Securities Fight Amid ETF Rollout appeared on BitcoinEthereumNews.com.

There is a growing clamor for XRP ETFs and futures products on the mainstream financial market. This is a major shift from four years ago, when the securities status of the third-largest digital currency was a legal and regulatory dispute. Drawing on the asset’s evolution, John Deaton has recalled the fight that made a difference in getting XRP to where it is today. John Deaton recap on XRP According to the legal veteran, he filed a Motion to Intervene in the Ripple lawsuit about four years ago. His goal at the time was to represent XRP holders, whom he believes have an actual say in debunking some of the Securities and Exchange Commission (SEC) claims. Related At the time, he said many legal experts laughed at his motion. However, the number of holders he represented soon grew from 12,600 to over 75,000. Through collective, community-driven pushback, Deaton recalled the judge using some of the affidavits from XRP holders to release her summary judgment. What a difference four years makes. Around this time, 4 years ago, I was filing a Motion to Intervene into the @Ripple case, asking Judge Torres to allow a putative class of XRP holders to become actual defendants in the case. Most lawyers laughed at my motion, although, tbh, I… https://t.co/JEDWpKa6Et — John E Deaton (@JohnEDeaton1) April 7, 2025 With the Ripple and SEC lawsuit officially over, asset managers are pushing for products to help advance the XRP ecosystem. XRP funds growing One of the first trading firms to unveil an XRP futures ETF product is Bitnomial, which has been pushing for this since at least 2024. Shortly after Bitnomial, the Coinbase exchange unveiled its plans to list XRP futures later this month. Related These offerings do not account for the actual XRP ETF applications filed with the U.S. SEC.…

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Filed under: News - @ April 9, 2025 4:25 am