XRP Advocate John E. Deaton Refutes Grifter Accusation in Bitcoin Debate, Emphasizes Commitment to XRP Holders

XRP advocate John E. Deaton has clarified his investments and stance on the SEC's lawsuit against Ripple.

XRP advocate John E. Deaton has clarified his investments and stance on the SEC's lawsuit against Ripple. In a post on X, Deaton explained that his XRP holdings were valued between $1-5 million as of August 2024. He also noted that he owns more Bitcoin (BTC) than XRP.

Deaton emphasized that his fight is not about personal gain, but about justice for the XRP community. At the time of disclosure to the FEC (August 2024), Deaton publicly declared an XRP investment ranging in value between $1-5 million. He clarified that this was the value in August 2024 and may have changed since then.

Deaton is known for his vocal opposition to the SEC’s actions against Ripple. He has played a key role by serving as amicus curiae, providing legal insights, and advocating for the rights of XRP holders.

Deaton Refutes Grifter Accusation in Bitcoin Debate But what likely caught his attention was when one critic accused him of being an “XRP Grifter” for holding more Bitcoin than XRP while rallying for the XRP community. Deaton swiftly addressed the accusation, stating,

“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.”

Read also: Ripple Unlocks 500M XRP as Trump’s Crypto Agenda Boosts Market Sentiment

He pointed out that his XRP holdings are no secret and that the information was publicly available through his financial disclosures when he ran for the U.S. Senate.

Deaton's Commitment to XRP Holders Deaton cited a Fox Business article in which he expressed frustration over the SEC's actions against XRP holders, arguing that they were unfairly targeted. His own investment in XRP reportedly dropped significantly due to the SEC’s lawsuit, which prompted him to take legal action.

He also confirmed his meeting in Canada with Jay SpendDBits to discuss Spend_The_Bits, a project that leverages XRP for payments. His message to critics was clear: “Do your research.

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