John Deaton, the attorney representing more than 75,000 XRP holders in the Ripple vs. U.S. Securities and Exchange Commission (SEC) lawsuit, has sent ripples through the crypto world by hinting at a big announcement later this week. But what exactly is this announcement all about?
In Deaton’s words, “If everything works out, I’ll have a BIG announcement this Friday (and no, I’m not suing anyone – yet)!”
If everything works out, I’ll have a BIG announcement this Friday (and no, I’m not suing anyone – yet)!
— John E Deaton (@JohnEDeaton1) September 18, 2023
This information from the prominent figure in the XRP lawsuit has raised anticipation levels among crypto enthusiasts. Deaton quickly dispels any notion that his announcement might involve filing a new lawsuit.
Read Also: XRP Lawsuit: John Deaton Predicts Judge Torres’s Decision on SEC Interlocutory Appeal
What Could Deaton’s Announcement Be?
As a pro-XRP lawyer, people expect that his announcement will have something to do with the XRP lawsuit with the SEC. However, some attention has been on the Binance vs. SEC lawsuit recently.
The SEC is alleging that Binance has not been cooperative in providing the requested documents. Adding a fascinating twist to the tale, the presiding judge has denied the SEC access to these documents, urging the involved parties to seek alternative discovery avenues. Because of Deaton’s pivotal role as legal counsel for XRP holders in the Ripple vs. SEC lawsuit, his impending revelation carries profound weight within the XRP community.
Deaton is a notable figure in the ongoing regulatory battle in the crypto industry. The community is eagerly waiting for him to weigh in on this.
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Read Also: Attorney John Deaton States Key Factor To Push XRP Price Beyond $3.84 All-Time High
With Deaton confirming the big reveal for this Friday, the announcement could potentially feature a noteworthy guest on his weekly CryptoLawTV YouTube show. One user expressed happiness that a whistleblower was coming on Deaton’s show, potentially assuming there would be market-shaking facts. Another user stated that it could be “A settlement for the XRP Community.”
Another user went in a different direction, asking whether Deaton was taking over the Odysee team. Odysee team was built on the LBRY blockchain. LBRY is also in the middle of a lawsuit with the SEC, which accused them of violating securities law through the sale of LBC tokens. This lawsuit could have implications for the XRP lawsuit and Deaton has filed a notice of appearance for the lawsuit.
As the days count down to the highly-anticipated Friday announcement, the details have remained hidden. All eyes will be on John Deaton and his X handle. One thing is certain: his revelation will be worth the wait.
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