The post Pro-XRP Lawyer John Deaton Justifies TRUMP Memecoin Listing on Exchanges appeared on BitcoinEthereumNews.com.

Crypto lawyer John Deaton justifies TRUMP token listing on major crypto exchanges.  Crypto exchanges Coinbase and Kraken listed TRUMP tokens.  John Deaton suggests Donald Trump to utilize the profit from the TRUMP token to social causes.  The TRUMP memecoin is gathering significant attention not only from the crypto community but also across the mainstream media since its launch. While wise traders are taking this opportunity to bag profits, industry leaders and officials are criticising the memecoin launch by the President of the US.  Regarding the same, renowned crypto lawyer John Deaton commented his views on his official X account. Even though several significant voices of the industry criticised Coinbase, Kraken, and their CEOs, John Deaton supported them. He further stated that he would also advise exchanges to list the token if he was a lawyer of those firms. John Deaton says, “How could the SEC, in good faith, continue prosecuting Coinbase and Kraken for selling crypto tokens when they sell a crypto token issued by the President of the United States?” John Deaton Suggests TRUMP Memecoin Profits to Use For Disaster Victims Deaton stated that he is not a fan of memecoins but if the profits are utilised for social causes such as hurricane and wildfire victims, or other practical use cases, he could be a fan of them. This is not the first time Deaton made this suggestion to the US President Donald Trump.  After the TRUMP memecoin was launched, John Deaton posted on X suggesting Donald Trump and his advisors declare all the profits from the TRUMP memecoin to help American citizens and victims of natural disasters like wild fire and hurricanes.  He further emphasized the fact that Trump’s net worth more than doubled through TRUMP memecoin. But, these profits are only on paper and he cannot realize…

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Filed under: News - @ January 21, 2025 10:26 am