In a tweet by Lark Davis, the influencer with millions of Twitter followers was discussing the value proposition for XRP, leading to the situation.
In the response, Deaton claims that Davis was wrong in believing that the SEC case was limited to Ripple sales, and the lawyer continued by challenging the influencer’s comprehension of XRP.
To the lawyer, Davis should have inquired whether JPM’s employment of Matic & AAVE had a negative effect on Ripple’s business model. Besides, Deaton expressed a sense of surprise when XRP remains a misunderstanding even though it has been around the top for a decade.
Additionally, Deaton claimed that despite being removed from major US cryptocurrency exchanges when the SEC filed its lawsuit against Ripple in 2020, XRP had maintained its position as one of the top ten cryptocurrencies by market capitalization. Moreover, he added that Ripple was one of the few businesses engaged in the expansion and hiring of the cryptocurrency industry.
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