- John Deaton owns $1-5M in XRP but fights for fairness, not personal gain.
- Deaton also holds significant Ethereum and Bitcoin, providing a balanced portfolio.
- SEC lawsuit spurred Deaton’s legal battle to protect XRP holders from unfair impact.
Pro XRP attorney John E. Deaton has clarified his holdings and his position on the SEC vs. Ripple. In his post, Deaton has slammed critics for accusing him of being a “Grifter” following his revelation of owning more Bitcoin than the Ripple-affliated token. Defending his stance, Deaton emphasized that his fight isn’t about personal gain but justice for the crypto community.
The lawyer revealed that his XRP holdings ranged between $1-5 million as of August 2024. A vocal critic of the SEC’s actions against Ripple, Deaton disclosed that his crypto holdings were already public via his financial disclosures during the run for the U.S. Senate.
He recounted his earlier reaction when the SEC’s lawsuit resulted in the loss of his $600,000 investment. Instead of lamenting, Deaton launched a legal fight against what he called the SEC’s “gross overreach,” aiming to protect passive XRP holders unfairly impacted by the lawsuit.
“Not Just an XRP Guy”: Deaton Discloses Ethereum & Bitcoin Holdings
Deaton also clarified that he owns significant amounts of Ethereum (ETH) and Bitcoin (BTC), further proving his balanced portfolio and focus on broader crypto issues. “It’s about ensuring fairness in the market, not pushing anyone toward a specific coin,” he added.
Well well well. Another XRP Grifter who has most of his money in Bitcoin lol. These guys are comical. They endorse one coin to earn your trust and then try and push you towards Bitcoin. People who really understand what going on from the 40K foot view don’t own one Bitcoin.
However, some critics accused him of being a “grifter” for holding more Bitcoin. In response, Deaton stated, “From day one, I’ve always disclosed that I own more BTC. It’s not about my bags; it’s about what’s right.”
Furthermore, the lawyer also confirmed his meeting in Canada with Jay SpendDBits to discuss Spend_The_Bits, a project leveraging XRP for payments. His final message to critics was loud and clear: “Do your research.” Deaton further emphasized that he remains steadfast in his mission to defend XRP holders and challenge regulatory overreach.
