Deaton Compares XRP With Telegram’s GRAM Token, Reiterates XRP Isn’t a Security

Attorney Deaton once again aims to show that XRP is not a security, as he highlights the difference between XRP and the GRAM token from Telegram.

Attorney John Deaton, Managing Partner at Deaton Law firm, reiterates that XRP is not a security. The prominent crypto advocate made this known in a recent Twitter thread, as he compared XRP with the GRAM token.

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July 3, 2023

Judge Torres Will Address XRP Secondary Market Sales

In his remarks, Deaton expressed confidence that Judge Analisa Torres would also address XRP secondary sales and the token itself during her SEC vs. Ripple case ruling. The pro-XRP lawyer had  suggested this in a comment last month.

Deaton argued that he disagreed with other experienced lawyers who believed the judge would not comment on the token. Per Deaton, if Judge Torres ignores addressing the underlying asset and XRP secondary market sales, she will bypass much of SEC’s theory regarding the coin.

Notably, Deaton asserts that Judge Torres will comment on XRP secondary market sales and the underlying asset in the Ripple case just as her colleague, Judge Kevin Castel, did in the SEC vs. Telegram lawsuit.

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