Attorney John Deaton has disclosed that his investment in XRP ranges between $1 million and $5 million as of August 2024. In response to accusations that he prioritizes Bitcoin over XRP, Deaton stated that 80% of his net worth is in Bitcoin but clarified that he has been open about his crypto holdings. He believes that the creation of a strategic Bitcoin reserve by the U.S. government could potentially cause Bitcoin to reach $1 million and could prompt other countries to follow suit. However, he does not think the U.S. government will create such a reserve. Deaton dismissed claims that he only advocates for XRP to indirectly promote Bitcoin and emphasized that his advocacy for XRP holders is driven by fairness. He played a crucial role in Ripple's victory over the SEC, and while the programmatic sales ruling was in favor of Ripple, the SEC is currently seeking to overturn the decision.



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