John Deaton, the attorney representing a substantial number of XRP token holders in the legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC), has teased a major announcement on the horizon. Deaton clarified that this revelation won’t involve initiating a new lawsuit, but rather, it may pertain to unveiling crucial information regarding ongoing crypto-related legal battles.
Deaton to Interview Whistleblower?
Scheduled for this Friday, this announcement has sparked speculation in the community. Since he made it clear there will not be any new lawsuit. There’s anticipation that Deaton might host a notable guest during his weekly discussion on the CryptoLawTV YouTube channel. Some believe this guest could potentially be a whistleblower, possessing inside knowledge that could have a significant impact on the cryptocurrency market.
Is Deaton Going to spill the beans on the Binance Case since SEC faced a minor setback in the case recently? Or it will be related to Ripple’s Proper Party? We don’t know yet but one thing is clear Deaton has something bigger to reveal.
Binance Lawsuit can also be his priority
This announcement comes in the wake of increased attention on the Binance vs. SEC case, where the SEC has accused the exchange of non-cooperation in furnishing essential documents. However in this case Judge denied the access to documents and instead ordered them to find other ways to make the discoveries. Deaton’s announcement holds considerable weight for the XRP Community, as his legal representation of XRP holders in the Ripple vs. SEC lawsuit has positioned him as a prominent figure in the ongoing regulatory discussions surrounding the crypto industry. It will be intriguing to see what Deaton brings to this high-end case.
XRP Price Taking a Toll
In other news, Deaton also lashed out at The New York Department of Financial Services (NYDFS) for removing XRP, from its list of approved tokens, While approving BTC & ETH. He fears, that this might lead to a decline in XRP’s price, which could concern investors. Additionally, broader market trends have already caused this altcoin to lose the gains it had made since mid-July. This highlights the volatility and regulatory sensitivity of the cryptocurrency market. At $0.503, XRP is close to breaking the $0.505 barrier.