Bitcoin

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
In a recent social media revelation,&nbsp;<a href="https://x.com/JoelKatz/status/1731163410539401442?s=20" rel="noopener noreferrer nofollow">John Deaton</a>, a leading crypto lawyer and the legal representative for XRP holders, disclosed a striking contrast in his crypto portfolio.
Through a series of candid posts, Deaton emphasized that despite his prominent role in Ripple's legal battle against the SEC,&nbsp;<a href="https://u.today/bitcoin-btc-price-path-to-40000-cleared-heres-what-might-further-aid-it" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> holds a staggering 10 times more value in his investment portfolio than XRP.
Deaton, who gained prominence for his vocal advocacy in the legal proceedings against the SEC, clarified that his commitment to Bitcoin remains steadfast. Reflecting on his legal actions against the regulatory body, he highlighted that when he initiated the lawsuit on behalf of XRP holders, his positions in&nbsp;<a href="https://u.today/btc-eth-and-xrp-price-analysis-for-december-2" rel="noopener noreferrer nofollow">BTC</a> were tenfold greater than his investment in XRP.
The seasoned lawyer also underscored the pivotal factor that prompted his legal intervention, asserting that if&nbsp;<a href="https://u.today/top-ripple-executive-ends-crypto-hacks-talk-with-ultimate-example" rel="noopener noreferrer nofollow">the SEC</a> had restricted its allegations solely to&nbsp;<a href="https://u.today/ripple-returns-800-million-xrp-to-escrow-whale-buys-millions-more" rel="noopener noreferrer nofollow">Ripple</a>, Brad Garlinghouse and Chris Larsen, he would not have pursued the case.
Instead, he criticized the regulator's broader claims, alleging that even those who acquired XRP on the secondary market, in jurisdictions where XRP was deemed a non-security, were implicated.
Deaton revealed that he increased his XRP holdings after the SEC filed the lawsuit, framing it as a vote of confidence in his own legal endeavors and solidarity with the multitude of&nbsp;<a href="https://u.today/ripple-returns-800-million-xrp-to-escrow-whale-buys-millions-more" rel="noopener noreferrer nofollow">XRP</a> holders affected by the case.
<h2 dir="ltr" id="i-didn-t-care-about-ripple">"I didn't care about Ripple"</h2>
In a subsequent post, the lawyer addressed Ripple's controversial reputation within the crypto industry, acknowledging the company's divisive standing.
<blockquote>
 🙏 Caitlin. Peter may have to get past the “XRP Attorney” label I was given when I sued the SEC.😂 Let’s be honest, Ripple wasn’t/isn’t the most liked company in the industry and Chris Larsen donating money to Greenpeace regarding Bitcoin mining understandably angered many… <a href="https://t.co/VB794g5pmb" rel="noopener noreferrer nofollow">pic.twitter.com/VB794g5pmb</a>— John E Deaton (@JohnEDeaton1) <a href="https://twitter.com/JohnEDeaton1/status/1731118628106305635?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 3, 2023</a>
</blockquote>
Despite his apparent distance from the crypto company, the lawyer emphasized the importance of challenging government overreach, particularly when it threatens the crypto space as a whole.

'I Own 10X More Bitcoin (BTC) Than XRP,' Says Pro-XRP Lawyer

Table of Contents

U_Today

Other articles published on Dec 3, 2023

Navigating AI Risks – China and US Address Military Tech, But Can They Bridge the Divide?

Modern Warfare 3 Players Encounter Vehicle Gameplay Bug

Rebel Satoshi’s Early Bird Triumph: Why It’s Drawing Terra (LUNA) and Shiba Inu (SHIB) Investors

Bitcoin Miners Face Over 30% Revenue Decline in Six Months

Why Ripple Is Better than Ethereum for Investment: Expert Urges Timely XRP Accumulation

Sekuya Achieves Best Pitch in Internet Computer Protocol (ICP) Incubation Program

Join our free newsletter for daily crypto updates!