Legal Expert Explains Why Ripple Will Always Back XRP

Legal Expert Explains Why Ripple Will Always Back XRP
A pro-XRP lawyer known for advocating for the cryptocurrency has outlined reasons why he believes Ripple would not abandon the XRP token.  Lawyer Proclaims That Ripple Is Committed To XRP Pro-XRP lawyer and Managing Partner of the Deaton Firm, John E. Deaton has taken to X (formerly Twitter) to assuage concerns raised about Ripple’s commitment and plans for the XRP token.  Related Reading: Bitcoin Cash Rally Threatened As Exchange Drops BCH Following XRP Listing Rumors Following the recent announcement of XRP’s expansion into Dubai after gaining approval from the Dubai Financial Services Authority (DFSA), Deaton boldly stated in his post that Ripple was not planning to ditch the XRP token and would not be for years. He said that the crypto payments network had a strong financial responsibility to the token, having invested billions in XRP.  “As I’ve said for more than 3 years, Ripple is not going to abandon XRP. It has a fiduciary duty not to,” Deaton stated.  Deaton highlighted Ripple’s financial journey revolving around the XRP token. He stated that in its Seri ..

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