John Deaton Clarifies His XRP Investment Stance Amid Ongoing Ripple-SEC Legal Battle

John E. Deaton, a prominent advocate for the XRP community, has publicly clarified his investment stance and defended his position in the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC).

John E. Deaton, a prominent lawyer and advocate for the XRP community, has publicly clarified his investment stance and defended his position in the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC).

In a recent post on X, Deaton revealed that his XRP holdings were valued between $1-5 million as of August 2024. He also disclosed that he owns more Bitcoin (BTC) than XRP, addressing accusations that his involvement in the case might be financially motivated.

Emphasizing that his fight is not driven by personal financial interests, Deaton highlighted his commitment to securing justice for the XRP community. He noted that his XRP holdings were no secret, having been publicly disclosed in his financial filings during his U.S. Senate campaign.

Responding to critics who labeled him an “XRP Grifter” for holding more Bitcoin than XRP while rallying for the token's cause, Deaton stated, "From day one, I've always disclosed that I own more BTC than XRP. It's not about my bags; it's about what's right."

He further clarified that the value of his XRP holdings may have changed since his disclosure in August 2024, but the focus remained on defending the rights of XRP holders rather than personal financial gain.

Deaton serves as an amicus curiae (friend of the court) in the Ripple-SEC case, offering legal insights and大力 defending the rights of XRP holders, who he believes were unfairly targeted by the SEC’s actions. His advocacy has brought attention to the legal nuances of the case, which has had broad implications for the crypto industry.

Having personally experienced the negative impact of the SEC's lawsuit, with his own XRP investment taking a hit, Deaton's decision to pursue legal action was further fueled by a belief that the regulator's actions were unjust not only to Ripple but to the broader crypto community.

Deaton also shared that he recently met with Jay SpendDBits, a key figure behind the Spend_The_Bits project, which uses XRP for payment solutions, highlighting his ongoing support for projects that contribute to XRP's adoption.

"Do your research," was Deaton's message to his critics, underscoring his commitment to advocating for XRP and its ecosystem, both legally and practically.

John E. Deaton's latest statements showcase his deep-rooted dedication to the XRP community and the broader fight for fairness in the crypto industry. Despite holding more Bitcoin than XRP, his commitment to the cause remains evident, as he continues to challenge the SEC's actions and champion XRP's role in the future of finance. Deaton's transparency and steadfast support for XRP holders have solidified his position as one of the most influential voices in the crypto space today.