XRP Lawyer Drops Clues Ahead Of Today’s Big Announcement

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Famend lawyer and staunch XRP advocate, John E. Deaton, who at present represents a powerful 75,000+ token holders within the ongoing Ripple Labs versus the U.S. Securities and Alternate Fee (SEC) lawsuit, has the crypto group on the sting of their seats. Because the clock ticks all the way down to his promised “large announcement” immediately, the speculative buzz intensifies, given the tantalizing hints he dropped on social media.

Responding to a nudge from distinguished XRP supporter, Jungle Inc 2.0, Deaton unveiled three cryptic hints that function potential markers for immediately’s disclosure. These hints included a photograph of Deaton deeply engrossed in scrutinizing some paperwork, references to the XRP Ledger, and mentions of the Ethereum (ETH) ICO. Deaton tweeted: “Solely as a result of my good friend Jungle requested. Listed below are 3 hints: 1) the photograph under; 2) the XRPL; 3) the ETH ICO.”

Supply: X @JohnEDeaton1

Previous to this, on Tuesday, September 19, Deaton took to Twitter, proclaiming, “If every thing works out, I’ll have a BIG announcement this Friday (and no, I’m not suing anybody – but)!”

As with all important reveal, the group has been abuzz with anticipation and theories. Feedback reminiscent of “Eth bros leap ship now!!! Eth gate about to blow!”, “I odor a lawsuit coming” and “subpoena energy” have populated the dialogue.

What Might The XRP Associated Announcement Be About?

The {photograph}, although ambiguous, stirred speculations. Many inside the group are leaning in direction of the concept that these unseen paperwork may be related to the SEC v. Ripple lawsuit. Given Deaton’s pivotal position on this authorized battle, the place he’s appearing within the capability of Amicus Curiae, representing the token holders, any revelation in regards to the case might have profound implications.

The second trace pointing in direction of the XRPL reminds us of the significance this decentralized public blockchain holds for the token’s performance. Regardless of Deaton’s earlier focus totally on the authorized features surrounding token and fewer on its technical prowess, immediately’s announcement may deviate from this norm, shedding mild on new regulatory pushes for the XRPL.

Lastly, the nod to the Ethereum ICO hints at one other layer of intrigue. Latest revelations by Steven Nerayoff, an early Ethereum adviser, about alleged corruption on the SEC in the course of the ETH ICO part, coupled with claims of Ethereum violating its ICO phrases, have stirred the pot in crypto circles, as Bitcoinist reported. Deaton’s earlier statements about having Nerayoff on his Crypto-Legislation TV section additional trace that immediately’s announcement may characteristic insights or an interview with Nerayoff that delve deeper into these allegations dubbed as “ETH Gate.”

At press time, XRP traded at $0.5097.

XRP stays under the trendline, 1-day chart | Supply: XRPUSD on TradingView.com

Featured picture from Coinkolik, chart from TradingView.com

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