{"id":9244,"date":"2025-01-23T09:35:31","date_gmt":"2025-01-23T09:35:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=9244"},"modified":"2025-01-23T09:35:31","modified_gmt":"2025-01-23T09:35:31","slug":"xrp-lawyer-john-deaton-meme-coins-threaten-cryptos-legitimacy","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=9244","title":{"rendered":"XRP Lawyer John Deaton: Meme Coins Threaten Crypto\u2019s Legitimacy"},"content":{"rendered":"
\n

Deaton is a Massachusetts attorney who made a big name for himself in crypto markets after founding CryptoLaw. It\u2019s a crypto news website with an extensive library of official documents related to cryptocurrency cases in US courts.<\/p>\n

The crypto activist recently warned that meme coins like the new<\/a> TRUMP tokens that have been going around may threaten cryptocurrency\u2019s public relations image.<\/p>\n

Deaton: Meme Coins Not A Good Look For Crypto<\/h2>\n

In an episode of the \u201cGood Morning Crypto Show\u201d that streamed on Monday, Jan. 20, Deaton suggested meme coins threaten crypto\u2019s legitimacy. The Good Morning Crypto Show is a popular crypto podcast with over 198,000 subscribers on YouTube.<\/p>\n

When the show host asked about the TRUMP coin, Deaton didn\u2019t have any of it.<\/p>\n

\n

\u201cI\u2019m excited like everybody else. We\u2019ve witnessed an absolute war against crypto, not just unjust, but unlawful,\u201d Deaton said. \u201cSo I\u2019m excited like everyone else. But I have a concern\u2014 in this country, sometimes we have the tendency to go from one extreme to the other extreme.\u201d<\/p>\n

\u201cSo we\u2019ve had this completely unfair war against crypto,\u201d he said. \u201cBut that doesn\u2019t mean we want a complete free-for-all where there are no rules of the road or regulations whatsoever because users, consumers, and customers get taken advantage of. So we want smart regulations.\u201d<\/p>\n<\/blockquote>\n

\u201cWe fought for survival. The last five years we have fought for crypto\u2019s survival. But now we have to not just survive\u2014 we have to fight for our legitimacy,\u201d Deaton added. \u201cIf this becomes just a casino-gambling technology in the view of the public\u2026 it\u2019s one extreme to the other.\u201d<\/p>\n

XRP\u2019s Price Up 44% on 30-Day Window<\/h2>\n

At the height of the Securities and Exchange Commission\u2019s war on Ripple Labs over its XRP tokens, Deaton lobbed powerful amicus briefs at the SEC\u2019s lawyers. He also took to the digital town square on X to combat the SEC\u2019s legal actions and definitions of crypto tokens like XRP.<\/p>\n

He also ran against Sen. Elizabeth Warren (D-MA) for the US Senate in November but lost in a heavily Democratic state where she is a heavyweight incumbent.<\/p>\n

XRP\u2019s price<\/a> on Wednesday notched a 1% gain to $3.23 after retracing from $3.27. The top 3 crypto by market cap was up 44% for the 30-day window.<\/p>\n

The post XRP Lawyer John Deaton: Meme Coins Threaten Crypto\u2019s Legitimacy<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Deaton is a Massachusetts attorney who made a big name for himself in crypto markets after founding CryptoLaw. It\u2019s a crypto news website with an extensive library of official documents related to cryptocurrency cases in US courts. The crypto activist recently warned that meme coins like the new TRUMP tokens that have been going around […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-9244","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/9244","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9244"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/9244\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}