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Attorney Deaton said although XRP will be utilized as a part of Ripple’s In-principle license, XRP did not react to the news. 
Pro-XRP lawyer John E. Deaton has commented on Ripple’s newly secured In-Principle approval from the Monetary Authority of Singapore (MAS). 
In a tweet yesterday, attorney Deaton said the news is “fairly significant,” given that not up to 20 companies have obtained such a license from the country. 
<h2 id="span-style-font-weight-400-xrp-didn-t-react-span">XRP Didn’t React&nbsp; </h2>
Notably, attorney Deaton asserted that although XRP will be utilized, the coin’s price did not react to the news. Additionally, Deaton said all XRP holders are in a common enterprise with Ripple, and relying on the company’s efforts to make gains, one would expect the XRP price to react. 
However, XRP continued to follow Bitcoin as well as the macro environment, he added. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/Ripple?ref_src=twsrc%5Etfw">@Ripple</a> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1f8-1f1ec.png" alt="🇸🇬" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f30e.png" alt="🌎" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://t.co/TIakLamh0c">https://t.co/TIakLamh0c</a> 
 <a href="https://twitter.com/JohnEDeaton1/status/1671910549473337344?ref_src=twsrc%5Etfw">June 22, 2023</a> 
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
<h2 id="span-style-font-weight-400-odl-transactions-utilize-xrp-span">ODL Transactions Utilize XRP&nbsp; </h2>
Meanwhile, Deaton’s tweet addresses all inquiries about whether the MPI license will allow ODL transactions to utilize XRP. As <a href="https://thecryptobasic.com/2023/06/22/ripples-singapore-payment-license-will-xrp-be-included-in-odl-transactions/">reported </a> yesterday, Australian-based lawyer Bill Morgan asked Ripple’s president Monica Long whether “the license relates to ODL transactions that include XRP.”&nbsp; ...
<a href="https://thecryptobasic.com/2023/06/23/deaton-discusses-xrp-price-says-xrp-would-be-used-in-ripples-payment-license-in-singapore/">Read more</a>

Deaton Discusses XRP Price, Says XRP Would Be Used in Ripple’s Payment License in Singapore

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