Deaton expressed how he faced criticism sespite holding most wealth in Bitcoin and even more in Ethereum than XRP at the time.
The founder and CEO of Galaxy Digital, Michael Novogratz, discussed the importance of strong communities in the crypto industry. While discussing the community’s value in the industry, he opened up about the Ripple vs SEC lawsuit.
Responding to that, attorney John Deaton acknowledged Novogratz and revealed the backlash he has faced for standing with Ripple and suing the regulator.
CEO of Galaxy Digital Hails Deaton
In a recent interview, Novogratz discussed the critical role of community in the success and sustainability of any crypto ecosystem. He repeatedly pointed out that strong crypto supporting groups can confer resilience and lasting value on digital assets.
He said, “Where does this XRP Army even come from… I’m not even sure… It’s like they care about this when they went through that lawsuit.”
He also commended Deaton, saying, “That guy was literally tweeting nine times a day, fighting the case in court. This was part of his community, and he thought this was an injustice done to his community,” he added.
Deaton Reveals the Criticism For Supporting Ripple
In response, Deaton appreciated Novogratz for recognising his role in the SEC vs Ripple lawsuit. Despite holding most wealth in Bitcoin and even more in Ethereum than XRP at the time, he supported Ripple.
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