Pro-XRP Advocate John Deaton Teases ‘BIG’ Announcement for Sept 22

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  • Crypto lawyer John Deaton hints at a possible announcement on Friday, September 22, 2023.
  • He jokingly suggests that the announcement has nothing to do with him suing anyone.
  • Deaton’s post comes after the recent update to the DFS guidelines.

Renowned crypto lawyer and pro-XRP advocate John Deaton has hinted at a possibly ‘BIG’  announcement coming this Friday, September 22, 2023. He took to X (formerly Twitter) to share that if “everything works out,” an announcement is imminent, while also jokingly suggesting that he is not planning on suing anyone “yet.”

Several X users, in response to Deaton’s post, expressed their curiosity about the announcement while others even took guesses at various possibilities; one user even suggested that Deaton is in fact suing someone, despite being told otherwise. Another user by the name, “TheFutureisHere” indicated that it could be “another” amicus curiae incoming.

An amicus curia refers to an individual not involved in a lawsuit, but is either requested by the court or seeking permission, to submit a brief due to their significant interest in the case’s subject matter.

This comes hours after Deaton reposted reports of the New York Department of Financial Services (DFS) announcing an update to its virtual currency regime, stating:

After it was determined NOT to be a security. It’s not even a security if  Ripple sells it on exchanges. Yea, this move isn’t political or punitive in nature.

According to the update, the DFS has reportedly removed several tokens from its “greenlist” of approved tokens. Some of these tokens include Ripple, Dogecoin, and Litecoin among others.

The greenlist was created by the DFS as part of its broader efforts in supervising the crypto space and although included twenty-five tokens previously now only has eight approved tokens.

Additionally, in a press release on Monday, September 18, 2023, the DFS said that the updated guidance would clarify its expectations for how DFS-regulated entities should list and delist coins.

The DFS added that it would also strengthen the risk assessment standards for coin-listing policies. A new addition to the guidelines also mandates that licenses must now have a token de-listing policy that ensures little to no impact on users should firms end support for coins.