- Pro-XRP lawyer John Deaton has praised Ripple for backing the XRP token.
- The lawyer raised concerns that Ripple might abandon XRP as a potential IPO looms near.
- Also, XRP has been recognized by Dubai as a digital asset.
Pro-XRP lawyer John Deaton is all praise for Ripple amidst concerns about the company pivoting from XRP. The lawyer tweeted that Ripple has a fiduciary duty not to abandon XRP, even as the firm’s Liquidity Hub does not feature XRP as one of the digital asset options. Deaton stated the firm’s strong valuation after its A, B, and C funding series and a potential IPO give further incentive for Ripple to not move away from XRP.
As I’ve said for more than 3 years, Ripple is not going to abandon #XRP. It has a fiduciary duty not to.Do the math:
2015: Series A valuation – $128M
2016: Series B valuation- $410M
2020: Series C valuation- $10B
2022: Series C Buyback valuation – $15B
Last year, Ripple… https://t.co/xnMUqjcQS8
— John E Deaton (@JohnEDeaton1) November 2, 2023
Members of the XRP community raised concerns that Ripple may abandon the token as XRP does not feature in its Liquidity Hub product. Worries about the XRP token’s status…
The post John Deaton Outlines Bullish Outlook on Ripple appeared first on Coin Edition.