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📢 Pro XRP Lawyer Breaks Silence On Donald Trump’s Executive Order On Bitcoin Reserve

Pro XRP Lawyer John Deaton Comments on Strategic Bitcoin Reserve

In an X post responding to investor Scott Melker, Pro-XRP lawyer John E. Deaton acknowledged concerns within the crypto community regarding the EO. While some traders expected the U.S. government to actively buy Bitcoin and other digital assets, Deaton emphasized that the EO is as aggressive as a president can be without emergency powers.

The pro-XRP lawyer explained that the Exchange Stabilization Fund (ESF) grants the U.S. Treasury Secretary broad authority to hold financial assets to stabilize markets. However, he noted that any direct government Bitcoin purchase could face legal challenges.

🔮 XRP Price Prediction as Analyst Disputes XRP’s Neutrality, Rejects Strategic Reserve Inclusion

XRP Price Wavers as Analyst Blasts Odds of Ripple Being in Strategic Reserves

Donald Trump’s decision to include USA coins into Strategic crypto reserves has ignited XRP price rally and debate in the crypto community.

In a recent X post, Garlinghouse argued that strategic crypto reserves should include multiple coins. He pointed to the fact that he was a big advocate for a level playing field instead of pitting one token against another. He also argued that maximalism was the real enemy of crypto progress.

In a response, Willy Woo, a popular crypto analyst, argued that the reserves should only be Bitcoin. He argued that BTC was geopolitically neutral and that many countries would find it difficult to buy XRP reserves.