Ripple Lawsuit News: Pro-XRP Lawyer John Deaton Says ‘Trump Has To Drop’ The Case

cryptonews.net 04/03/2025 - 03:53 AM

On March 3, 2025

President Donald Trump announced the creation of a U.S. strategic cryptocurrency reserve. This reserve will include major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). Following the announcement, XRP’s value surged from $2.23 to $2.99. However, the ongoing legal battle with the U.S. Securities and Exchange Commission (SEC) could affect everything.

Fox Business’ Charles Gasparino pointed out that the case between Ripple and the SEC has significant consequences for the future of XRP and the U.S. economy. He believes that if former President Donald Trump doesn’t act soon and the SEC continues its case against Ripple, it could hurt American investments in cryptocurrencies.

However, Crypto Law founder and attorney John Deaton highlighted an important point: the Ripple lawsuit was filed just before the end of Trump’s first term, under SEC Chairman Jay Clayton. Now, four years later, XRP has a chance to be included in a major global cryptocurrency reserve. Deaton argues that if Trump does not intervene, and the case continues, the U.S. could miss out on great opportunities in the growing crypto market. “He has to drop it,” Deaton asserted.

What’s Next for XRP?

The future of XRP and Ripple largely depends on how the SEC case unfolds. If Ripple can resolve the issue, XRP could become a significant player in the digital currency sector. As Deaton stated, this is a critical moment for the entire crypto industry, not just Ripple. How the SEC case is managed will impact not only XRP but also the future of cryptocurrency in the U.S. and beyond.

In conclusion, while the path forward for Ripple and XRP remains uncertain, one fact stands out: the decisions made in this case could define the future of cryptocurrency, with XRP potentially playing a key role in the emerging world of digital finance.




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