Attorney John E. Deaton Reveals His Crypto Investment Preferences
Attorney John E. Deaton, known for his involvement in the Ripple vs. SEC case, has disclosed his cryptocurrency investment preferences. Despite being a staunch supporter of XRP, Deaton revealed that he owns more Bitcoin (BTC) and Ethereum (ETH) in his portfolio.
Deaton’s Investment Portfolio
In a recent statement, Deaton clarified that he was not just an angry investor seeking legal action against the SEC due to personal losses. He explained that when the SEC filed the lawsuit against Ripple Labs and its executives, he had already made significant profits from XRP. At the time, his investments in Bitcoin and Ethereum were larger than his investment in XRP.
Deaton also expressed frustration with the SEC’s allegations and highlighted the absurdity of their claims. He emphasized that he has not moved on from Bitcoin and continues to hold 10 times more Bitcoin than XRP.
Broader Implications for the Crypto Industry
Deaton’s involvement in the Ripple case goes beyond personal investments. He believes that Ethereum has received preferential treatment from the SEC through corruption. His focus is on the wider implications for the crypto industry rather than individual gains.
Betting on Himself
Deaton explained that if the SEC had limited their allegations to Ripple, Brad Garlinghouse, and Chris Larsen, he would not have sued. However, the SEC claimed that anyone who acquired XRP on the secondary market held an unregistered security, which Deaton disagrees with.
Despite these legal battles, Deaton’s investment strategy remains diverse, with a clear preference for Bitcoin and Ethereum. He sees buying more Bitcoin after the SEC sued as betting on himself and his fellow XRP holders.
Optimism for Crypto Holders
Deaton’s statement comes at a time when Bitcoin recently surpassed $40,000. He concluded with an optimistic note for crypto holders, congratulating those who held during the bear market and predicting a future where people recognize the value of Bitcoin and cryptocurrencies.
Hot Take: Attorney John E. Deaton Reveals His Crypto Investment Preferences
Attorney John E. Deaton, known for his role in the Ripple vs. SEC case, recently disclosed his cryptocurrency investment preferences. Despite being a strong supporter of XRP, Deaton revealed that he owns more Bitcoin and Ethereum in his portfolio. This revelation sheds light on his investment strategy and highlights his belief in the potential of these leading cryptocurrencies. Deaton’s involvement in the Ripple case goes beyond personal investments, as he focuses on the broader implications for the crypto industry. His optimism for crypto holders and his emphasis on betting on himself demonstrate his confidence in the future of Bitcoin and cryptocurrencies.
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