Pro-XRP lawyer John E. Deaton has shared his thoughts on the day XRP can become its own cryptocurrency with no attachment to Ripple, its current major distributor. Deaton wants XRP to establish a unique identity, separating itself from Ripple. The lawyer’s comments on X stem from a recent video from Coin Bureau where XRP was tagged “Ripple’s XRP.”
In the video, Coin Bureau’s Chief Content Officer and co-founder Guy Turner announced that XRP would be integrated into Roblox as a payment option.
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Deaton’s Post
Deaton stated in his post, “It will be cool when XRP is only referenced as XRP, instead of “@Ripple’s XRP.” To be fair to Guy, Ripple does own a lot of XRP, although it is now under 50%.”
It will be cool when XRP is only referenced as XRP, instead of “@Ripple’s XRP.” To be fair to Guy, Ripple does own a lot of XRP, although it is now under 50%. I don’t believe Ripple had anything to do with this announcement or the integration so, maybe one day, the reporting will… https://t.co/FeDawtknZr
— John E Deaton (@JohnEDeaton1) October 17, 2023
Ripple has been releasing XRP from its escrow every month since 2017. It was reported in August that Ripple holds 41.9 billion XRP in escrow, less than half of the total supply, as Deaton pointed out.
However, this is still a substantial number of XRP tokens, and Deaton understands why Guy would see XRP as Ripple’s property.
Read Also: XRP Holders Attorney John Deaton Finally Releases the Highly Anticipated “Big Announcement”
Deaton also pointed out that Ripple was not involved in the announcement, stating, “I don’t believe Ripple had anything to do with this announcement or the integration so, maybe one day, the reporting will go: good news for #XRP and #XRPHolders.”
Deaton remains hopeful that XRP can eventually break free from this association, considering that Ripple’s holdings have diminished to less than half of the total XRP supply. He envisions a world where XRP can have its identity and be known for the value it brings, and not the company that launched it.
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