Attorney Deaton noted in his tweet recently, saying that the XRP will continue to be relevant in the crypto space 5 years from now.
He further stated the XRP’s relevancy is independent of the US Securities and Exchange Commission case against Ripple.
Attorney Ascertain That XRP Will Be Relevant The Next 5 Years
The lawyer made this claim in a tweet on Saturday, tapping BTC and ETH alongside XRP as crypto currencies with staying power. It is not the first time that Deaton has expressed confidence in XRP’s long-term value proposition. Last August, he made the same claim in support of recommendations from Sygnum, a Swiss digital asset bank.
Deaton was also responding, noting that holders use XRP for payments, decentralized finance, and NFTs aside from the use case as a bridge currency in Ripple’s On-Demand Liquidity (ODL) service.
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He also responded to the prediction made by the CryptoLaw Founder, which said that there will be no settlement in the SEC case against Ripple, which alleges that XRP is an unregistered security till after Judge Analisa Torres gives her ruling. Deaton says that SEC would be the only clarity the industry gets in the next two years within the US.
As the attorney has often highlighted, the asset has remained among the top 10 cryptocurrencies by market cap for over a decade. Within this period, the XRP Ledger has evolved and is slowly positioning itself as an Ethereum competitor in the DeFi space, not just a layer for global payments.