Legal expert John E. Deaton, representing over 75,000 XRP holders in the SEC vs. Ripple lawsuit, has doused community tension with three intriguing clues regarding his promised “big announcement” today.

The crypto lawyer shared the hints in a post on X (formerly Twitter) in response to a nudge from Jungle Inc., who he claimed was his friend.

The first hint of what the community should expect in his imminent big announcement was a photo of himself kneeling beside a small table, deeply engrossed in examining some paperwork.

Deaton then named the XRP Ledger as his second clue. While Deaton has previously primarily focused on XRP’s legal aspects and less on its technical prowess, the possibilities of the legal expert’s plans for the XRPL are further fueling anticipation from the XRPArmy and the wider crypto community.

The final key clue provided by the XRP holders’ attorney is that the announcement will also touch on the Initial Coin Offering (ICO) conducted by the Ethereum network back in 2014. The ether ICO was notably a resounding success, etching its name in the annals of cryptocurrency history.

It’s still unknown what the connection is among these three diverse clues at the moment. Still, the announcement is primed to highlight the claims of Deaton and other pundits about the selective legal actions imposed against Ripple Labs and XRP.

It’s worth mentioning that Deaton indicated earlier that everything needs to work out before he can share the announcement with the public. He has also clarified that the announcement is not about him filing a lawsuit against anyone.

Given that Deaton is an influential personality in the XRP community, whatever the announcement is about, it could shed light on the SEC’s actions even as the protracted legal brawl with Ripple nears the conclusion. Meanwhile, the cryptoverse waits with bated breath to hear the verdict of the SEC’s appeal bid.

---

Filed under: Bitcoin - @ September 22, 2023 3:18 pm