Pro-XRP Lawyer’s Predictions

• John Deaton, a pro-XRP lawyer, believes U.S. financial regulators will seek to crush the crypto market before large banks can swoop in and acquire a vast portion of it.
• He argues that once banking giants like JPMorgan and Goldman Sachs get their slice of the crypto pie, U.S. officials will conveniently draw up a regulatory framework for the industry.
• In light of the recent charges brought against Coinbase and Binance by the SEC; Deaton believes this is part of an ongoing anti-crypto agenda from U.S regulators, which could ultimately lead to large institutions buying up much of the industry.

SEC’s Recent Actions

Last week, The US Securities and Exchange Commission (SEC) brought charges against both Coinbase and Binance, the two largest crypto exchanges in the world – signalling an anti-crypto agenda from US regulators which could lead to large institutions buying up much of the industry. Pro-XRP lawyer John Deaton said he was expecting Chair Gary Gensler and the SEC to launch an offensive on Coinbase months before they were sued.

Ripple Lawsuit with SEC

John Deaton represented XRP holders in Ripple’s lawsuit with the SEC; believing that when big banks such as JPMorgan or Goldman Sachs acquire pieces of crypto market after crushing it down with regulations, US officials would conveniently draw up a regulatory framework for this industry to protect these banking giants investments in cryptocurrencies .

Coinbase Takeover Attempt?

Deaton suggested that if Coinbase CEO Brian Armstrong does not accept an incumbent partner then there may be a takeover attempt made by Gary Gensler – attempting to serve as “the proverbial straw” while investors are getting screwed over in this process. He also believes that even if 99% of cryptos go to zero there are still enough projects left making utility win out over regulation eventually .

Crypto Market Outlook

Ultimately John Deaton believes that even though crypto may take a hit due to negative regulations imposed by governments or other entities – utility will win out over regulation eventually and thus cryptocurrency will continue thrive within its own niche markets despite any setbacks it faces currently or may face in future times .