XRP to ETF?! 🤯 A Wild Ride!

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Ah, the XRP lawsuit! A saga worthy of Homer, if Homer had understood the intricacies of cryptocurrency. The US Securities and Exchange Commission (SEC), in a fit of pique (or perhaps just exhaustion), decided to drop its appeal against Ripple. Yes, dear reader, the platform, after four long years of struggle, is poised for major achievements, like a butterfly emerging from a particularly thorny chrysalis. About 20 XRP ETFs are ready to launch, and advocate John Deaton, a man whose name suggests a character in a Victorian novel, reflects on Ripple’s journey. One can almost hear the faint strains of a harpsichord in the background. 🎻

Notably, our Mr. Deaton sheds light on the phenomenal evolution of Ripple since 2020, despite the ongoing legal struggles. It’s a bit like watching a particularly resilient dandelion push through a crack in the pavement. Let’s dive into Deaton’s critical role in the Ripple vs SEC case and the company’s potential developments. One shudders to think of the legal fees involved. 💰

XRP Lawsuit to ETF Launches: John Deaton Weighs In

Reflecting on the pivotal moments that shaped the Ripple landscape, XRP attorney John Deaton shared an X post earlier today. (X, formerly known as Twitter, a place where nuance goes to die.) While Ripple has achieved a major milestone in the XRP lawsuit, Deaton looks back on his pivotal decision to file a Motion to Intervene in the case. One imagines him, quill in hand, a modern-day D’Artagnan tilting at windmills. ⚔️

The Ripple lawsuit has since yielded significant milestones, most notably Judge Torres’ landmark decision that XRP is not classified as a security, paving the way for further growth and adoption. Building on this success, Ripple now stands triumphant with the recent launch of multiple XRP ETFs. Triumph! Or perhaps just a well-deserved sigh of relief. 😌

John Deaton’s Critical Role in the Ripple vs SEC Case

Interestingly, John Deaton filed a Motion to Intervene before four years, marking a significant turn in the XRP lawsuit. The lawyer asked Judge Torres to let XRP holders join the fray as defendants. Though many lawyers and individuals criticized him, he didn’t hesitate to move forward. A man of conviction, or perhaps just stubbornness? The line, as they say, is often blurred. 🤔

Further, citing his intention of gaining participatory rights as amici counsel, the XRP lawyer wrote,

I knew Judge Torres would never force the SEC to sue, at the time, 12,600 XRP holders (which grew to 75K) but man, did it send the right message. Other than sending that message, my real goal was to be appointed amici counsel, with participatory rights, which, in effect, she did.

A Major Benchmark

John Deaton’s X post on the XRP lawsuit comes in response to the latest XRP ETF development. Recently, the NYSE Arca approved the Teucrium’s 2X Long Daily XRP ETF under the Securities Exchange Act of 1934. Such bureaucratic poetry! ✍️

“This is like the 20th XRP related ETF. Never say you can’t make a difference!,” stated John Deaton. With multiple platforms already applied to launch an XRP ETF, the community remains optimistic of the token’s future trajectory. Optimism! A rare and precious commodity in these cynical times. ✨

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2025-04-08 11:00