Main navigation

XRP Holders' Lawyer Teases Incoming 'Big Announcement'

Tue, 09/19/2023 - 10:14
article image
Godfrey Benjamin
Crypto lawyer stirs community curiosity with potential 'big announcement'
XRP Holders' Lawyer Teases Incoming 'Big Announcement'
Cover image via

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

In his characteristic manner, XRP holders' lawyer John Deaton has triggered a new round of curiosity in the community after revealing to his more than 293.6K followers on the X app that he will have a "Big Announcement" to make later today. As usual, the post has triggered a debate in the minds of his followers as to what the big announcement could be.

Pro-XRP Lawyer Enters LBRY Case

Though Deaton attached a condition to the post as he noted that the revelations will only come if "everything works out," those who have been following him argue that, for him to tease the community, the announcement is as good as happening already.

John Deaton currently plays a key role in the ongoing lawsuit between the blockchain payments firm Ripple Labs Inc. and the United States Securities and Exchange Commission (SEC). However, while he is most renowned for representing more than 75,000 XRP holders, Deaton now also represents about 3,000 customers of Coinbase and Binance exchanges, both of which are now also involved in active lawsuits against the SEC.

The teased big announcement could involve any of the trio platforms, an uncertain feeling that takes the intrigue to a whole new level.

Community guesses

As is human nature, members of the Ripple and XRP community have started guessing at what the potential announcement might be about. One of the commenters noted that John Deaton might have finalized plans to bring onto his CryptoLaw show the SEC whistleblower, Steven Nerayoff, complementing the broad discussions that ensued all weekend long.

While the accuracy of the potential announcement remains a subject of speculation, the interest has shown that Deaton is one authority that many in the industry currently look to for detailed insights, analysis and review of the details emanating from high-profile cases in the industry.

article image
About the author

Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments. With his vast experience covering various aspects of Web3, Godfrey's articles has been featured on, Cryptonews and Coingape, among others.