Attorney JohnEDeaton1 shares take on new claim that XRP is a security
as to whether or not XRP is a security, and it has continued to take center stage in the crypto community, with a top venture capitalist recently proclaiming that XRP is definitely a security.
Claiming Ripple sold XRP as a security is one thing. Saying XRP is a security is another. XRP is a line of code inside software. How do you register?Where did ETH, ADA, ALGO, XLM, etc. register?Deaton's defense of XRP has been quite steady since the lawsuit was brought on back in December 2020. Besides representing about 75,000 XRP holders as amicus curiae in the ongoing lawsuit, Deaton has defended general crypto innovation in the U.S.
In his defense, Deaton noted that the claims that XRP was sold as a security is one thing, while the claim that XRP is a security is another thing. He highlighted that XRP is a piece of code inside a software, making as much of a technology as any other innovation.
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