John Deaton, lawyer for XRP holders, has dropped 3 hints to the community about the upcoming big announcement he tweeted earlier this week. In response to a request from Jungle Inc, which he claimed was his friend, the XRP advocate posted the advice on his official X platform account.
In a recent tweet, Deaton dropped hints about the announcement that has set the XRP and broader crypto communities buzzing with anticipation. Deaton, a prominent figure within the XRP community, seems to be on the verge of revealing some significant developments related to Ripple Labs and the XRP cryptocurrency.
Only because my friend Jungle asked.
— John E Deaton (@JohnEDeaton1) September 22, 2023
Here are 3 Hints:
1) the photo below;
2) the #XRPL;
3) the #ETH ICO https://t.co/HFvva35m9n pic.twitter.com/VTyiKg91z4
Deaton’s cryptic message began with a picture of himself, diligently at work beside a small table. This image was seen as the first clue to what the community can expect in his forthcoming announcement. The picture suggests that something big is in the works, possibly related to legal documents or actions.
The second clue dropped by Deaton is the mention of XRPL (XRP Ledger) in his post. While it remains unclear what is up next in the legal plan of actions of the XRP holders’ lawyer, the possibilities are further increasing the anticipation in the crypto community.
The third and perhaps most intriguing clue is Deaton’s reference to the Initial Coin Offering (ICO) conducted by the Ethereum protocol in 2015. This unexpected connection has left many scratching their heads, wondering how these seemingly disparate pieces fit together. Speculations arise on the possibility of the announcement’s connection with the SEC-Ripple lawsuit.
One crucial condition Deaton emphasized is that all details must be finalized before the announcement can be made public. This underscores the significance of the impending revelation and suggests that Deaton is meticulously preparing his case.
As a highly influential figure in the XRP community, Deaton’s upcoming announcement has the potential to provide valuable insights into the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). It could shed light on the allegations of partial and selective regulatory actions against Ripple and XRP.
While the exact nature of Deaton’s announcement remains a mystery, it has ignited a wave of excitement and anticipation within the crypto space. Quite recently Deaton disclosed a 2018 SEC memo with new details regarding the ongoing Ripple vs. SEC legal battle. The memo did not recommend any action against Ripple for selling XRP tokens. Its release has increased scrutiny of the SEC’s regulatory approach.
