Pro-Ripple Lawyer Speaks Out About His XRP Holdings

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Well now, gather ’round, folks! It seems our good friend John Deaton, a lawyer of some repute and a staunch supporter of Ripple, has let slip that he’s got himself a hefty stash of XRP. I reckon it’s substantial enough to make a catfish blush! 🐟

This revelation came about after a curious soul from the XRP community decided to poke the bear, questioning Deaton over a post that seemed to favor Bitcoin more than a Sunday picnic. 🍉

Now, Deaton, who fancied himself a Senate candidate for Massachusetts last year, had the audacity to declare that Bitcoin at a whopping $106,000 is a safer bet than its current state of $20,000. I suppose that’s like saying a rattlesnake is less dangerous when it’s well-fed! 🐍

According to this legal eagle, “all roads” lead to the good ol’ “printing of fiat money” and a mountain of debt that could make even the most optimistic banker weep. 💸

But hold your horses! With some positive legislative winds blowing in the U.S. and a growing number of institutions and states hopping on the Bitcoin bandwagon, it seems there’s a bullish case brewing for the leading cryptocurrency. It’s like watching a pot of gumbo simmer—eventually, it’s bound to boil over! 🍲

Yet, our dear Deaton isn’t one to put all his eggs in one basket. He hinted that in a couple of years, he might just change his tune. Who knows? Maybe he’ll be singing a different song by then! 🎶

In a recent ramble on social media, he made it clear that owning XRP and Bitcoin isn’t like choosing between a fine whiskey and a cheap beer; they can coexist quite nicely. “We will operate in a world of more than one coin,” he quipped, as if he were discussing the merits of a well-stocked bar! 🍻

And let’s not forget Ripple’s own captain, Brad Garlinghouse, who recently advised XRP holders to stop viewing the Bitcoin crowd as their sworn enemies. After all, we’re all just trying to make a living in this wild west of finance! 🤠

Meanwhile, former Ripple executive Greg Kidd is busy concocting his own strategy, throwing a cool 1,000 BTC into the mix. I suppose he’s hoping to strike gold while the rest of us are still panning for it! ⛏️

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2025-06-09 09:34