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Ripple News: John Deaton Gets Emotional As First US XRP ETF Goes Live Tomorrow
John Deaton, a key figure in the Ripple case, is set to get emotional as he reflects on the significant progress that has been made over the past four years. The first-ever US XRP Exchange-Traded Fund (ETF) goes live tomorrow, marking a major milestone in the acceptance and integration of cryptocurrencies into traditional financial markets.
Deaton recalled how he fought tirelessly to have XRP holders involved in the legal process, which eventually led to a significant turning point for the crypto community. He noted that many lawyers dismissed his motion, but Deaton didn’t let that deter him from pursuing his goal. The judge ruled in favor of the court’s decision, stating that XRP is not a security.
“This had never been done before,” Deaton emphasized, “I knew Judge Torres would never force the SEC to sue, at the time, 12,600 XRP holders (which grew to 75K) but man, did it send the right message.”
The launch of the XXRP ETF signals not just a new investment option but also a turning point in the acceptance and integration of cryptocurrencies into traditional financial markets.
Source: https://coinpedia.org/news/ripple-news-john-deaton-gets-emotional-as-first-us-xrp-etf-goes-live-tomorrow/
