#54 - John Deaton on Ripple, Decentralization, XRP and the SEC

John Deaton (@JohnEDeaton1) is the Managing Partner of the Deaton Law Firm, a law practice he founded in 2006. John is also the founder of Crypto-Law.us, a Bitcoin, ETH, XRP and crypto enthusiast, and an entrepreneur.

A former Marine-turned-class-action lawyer, John became interested in crypto in 2016, and eventually invested in Ripple coin, XRP. When the SEC sued Ripple over allegations that XRP was an unregistered security, John raised concerns about the agency’s case, which he didn’t think was warranted, in a legal filing as a private citizen on his own behalf. 

John filled me in on the entire saga so far, as well as what's on the horizon for XRP.

Show highlights:

[2:00] John's intro to crypto

[8:00] Difference between XRP and Ripple

[14:00] John explains the case for XRP being decentralized

[22:00] Why John joined the Ripple vs SEC lawsuit

[30:00] Why the SEC included XRP in the Ripple lawsuit

[41:00] Where the XRP & Ripple case stands

& much more. 

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Disclaimer: Jacob Robinson and his guests are not your lawyer. Nothing herein or mentioned on the Law of Code podcast should be construed as legal advice. The material published is intended for informational, educational, and entertainment purposes only. Please seek the advice of counsel, and do not apply any of the generalized material to your individual facts or circumstances without speaking to an attorney.