John Deaton, the founder of Crypto Law, clarified and differentiated the XRP's value in a thread replying to Lark Davis, a top-ranked influencer in the crypto world.
The situation began with a tweet by Lark Davis, an influencer with millions of Twitter followers, discussing the value proposition for XRP.
Sooo.... if JP Morgan is using $matic and $aave to settle USD to JPY forex transactions then what is the value proposition for #XRP now?
— Lark Davis (@TheCryptoLark) November 24, 2022
In response, Deaton claims that Davis was mistaken in believing that the SEC case was limited to Ripple sales, and the lawyer goes on to question the influencer's understanding of XRP.
The point is, one would think that a major crypto influencer, like @TheCryptoLark, would have a much better understanding of #XRP. Does he really think because JPM is using #matic & #aave to settle USD to JPY that that somehow lessens the value proposition for #XRP?
— John E Deaton (@JohnEDeaton1) November 25, 2022
Davis should have asked the lawyer whether JPM's use of Matic and AAVE had a negative impact on Ripple's business model. Furthermore, Deaton expressed surprise that XRP has remained a misunderstanding despite being near the top for a decade.
Furthermore, Deaton claimed that despite being removed from major US cryptocurrency exchanges when the SEC filed its lawsuit against Ripple in 2020, XRP remained one of the top ten cryptocurrencies in terms of market capitalization. Furthermore, he stated that Ripple was one of the few businesses involved in the cryptocurrency industry's expansion and hiring.
