John Deaton, the lawyer representing over 75,000 XRP holders, has finally made the big announcement that has kept the members of the XRP community in anticipation over the past few days.
In a live video on X before the main announcement, Deaton said he’s likely not to preannounce any announcement ever again. He based his reasons on speculations from social media on what the big announcement could be, which later resulted in lawsuit settlement announcement expectations.
Deaton made it clear that the announcement cannot be related to the lawsuit settlement because he neither works for Ripple nor the SEC.
Due to people’s anticipation and lots of messages he received during the waiting time, he spoke about the price of XRP. He said he could have made XRP soar to $10 if he had the power, but it’s relatively impossible.
The Three Announcements
In the live video, Deaton pointed at the crackdown carried out by the United States Securities and Exchange Commission (SEC) on Steven Nerayoff, an industry pioneer and advisor, as the most controversial subject in the crypto ecosystem.
According to Deaton, his first announcement is that Nerayoff is coming to CryptoLaw to reveal the truth about his arraignment, coercion by the SEC, and why the lawsuit was later dropped despite the height of the accusations leveled against him at the time.
It can be recalled that XRP Ledger (XRPL) was among the three hints shared by Deaton a couple of hours ago. In that regard, Deaton revealed that he is joining Spend the Bits, an XRPL-based payment protocol, as both an investor and its Chief Legal Officer.
Deaton, in the live video, noted his belief in the vision of the protocol and the effort of the founder, Jaskaran Kambo, who he believes is capable of fulfilling the dreams of the anonymous founder of Bitcoin (BTC), Satoshi Nakamoto.
The third, which is the last announcement, is centered on his new book based on historical accounts (memoir). He said he has been working on it since March 2020, long before the SEC filed the protracted securities lawsuit against Ripple, the US-based cross-border payments firm.
Hinting at what could interest the potential readers, he said the book covers some of the most critical subjects that are not supposed to be shared.
John Deaton Live https://t.co/7Sj3RuySFO
— John E Deaton (@JohnEDeaton1) September 22, 2023