XRP holder\u2019s lawyer John Deaton has come out to deny the claims that he has insider information on American blockchain payments firm, Ripple Labs Inc.<\/span><\/p>\n As one of the most vocal advocates in the XRP ecosystem, John Deaton is dubbed a major authority with deep insights to events happening within the industry. Earlier, Deaton shared what many believed to be a scoop that Ripple Labs will be hiring more staff from Dubai, Singapore, and London to bolster its presence in both Asia and Europe.<\/span><\/p>\n <\/p>\n However, it seems one crypto enthusiast on the X app <\/span>misinterpreted<\/span><\/a> the message to mean that the pro-XRP lawyer is privy to top Ripple info. The X user Michael Branch stated that the information about Ripple\u2019s expansion was from Deaton who he claimed, has inside information. In response to the misleading statement, Deaton clarified that he never made such utterances about having inside information.\u00a0<\/span><\/p>\n I never said I had inside information. I said I was in the audience at Mainnet and that\u2019s what @bgarlinghouse<\/a> stated publicly. https:\/\/t.co\/eTSXB2s2Xo<\/a><\/p>\n \u2014 John E Deaton (@JohnEDeaton1) September 21, 2023<\/a><\/p>\n <\/p>\n<\/blockquote>\n Furthermore, he explained that he was only present at the Mainnet Conference where Ripple\u2019s Chief Executive Officer (CEO) Brad Garlinghouse made the announcement public.<\/span><\/p>\n <\/p>\n Deaton\u2019s claim about <\/span>Ripple\u2019s expansion<\/span><\/a> further underscores the company\u2019s plans to operate its business outside of the United States due to the regulatory dispute that it is faced with. A week earlier, Ripple Labs <\/span>stated<\/span><\/a> that nearly 80% of its hiring will be outside of the U.S. and this makes the lawyers\u2019 claim correct.\u00a0<\/span><\/p>\n Speaking to Bloomberg, Garlinghouse explained that Hong Kong, Singapore, the UK, and Dubai \u201cgovernments are partnering with the industry and you\u2019re seeing leadership, they\u2019re providing clear rules and you\u2019re seeing growth\u201d.<\/span><\/p>\n The Securities and Exchange Commission (SEC) has been trolling the payment firm for close to three years, claiming that its XRP token is securities. The table was overturned on July 17th when Judge Analisa Torres ruled that XRP is not security but this has not changed SEC\u2019s attitude towards the coin or the firm.\u00a0<\/span><\/p>\n Rather, the regulator is interested in pursuing an <\/span>interlocutory appeal<\/span><\/a> where the decision made by Judge Torres will be re-examined by an appellate court. The judge has already given her approval of the motion and community enthusiasts are closely following the trends.<\/span><\/p>\n <\/p>\n \u2713 Share:<\/p>\n <\/a><\/p>\n <!– <\/p>\n <\/p>\n <\/a><\/p><\/div>\n<\/p><\/div>\n <\/p>\n <\/a><\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n –><\/p>\n –><\/p>\n Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on Twitter<\/a>, Linkedin<\/a> <\/p><\/div>\n<\/p><\/div>\n The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n <!– <\/p>\nXRP Holder\u2019s Lawyer Denies the False Claims<\/strong><\/h2>\n
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Ripple vs SEC Lawsuit Gets Deeper<\/strong><\/h2>\n
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