XRP Ally John Deaton Says Musk-led D.O.G.E Is Necessary
The post XRP Ally John Deaton Says Musk-led D.O.G.E Is Necessary appeared on BitcoinEthereumNews.com.
On Saturday, pro-XRP attorney John Deaton shared on his Twitter/X account a TikTok that featured John Stewart criticizing Pentagon spending captioned “If you think Elon Musk’s and Vivek Ramaswamy’s D.O.G.E isn’t necessary, watch this!” In a TikTok posted by Conservative Newst Today, Stewart criticized the U.S. Department of Defense for its unmonitored spending despite a colossal $850 billion budget. Speaking in a debate with a smug DOD official, the comedian pointed out the puzzling disparity between the Pentagon’s massive budget and the daily struggles of low-ranked service members, some of whom still rely on government assistance to get food on the table. “We got out of 20 years of war, and the Pentagon got a raise,” Stewart put bluntly. “I can’t figure out how $850 billion to a department means that the rank and file still have to be on food stamps. To me, that’s f*cking corruption.” John Deaton gained recognition in the crypto community for his support of Ripple Labs and its cryptocurrency, XRP, where he filed an amicus brief on behalf of XRP holders, arguing that the SEC’s classification of the cryptocurrency as a security unfairly harmed retail investors. Deaton is also a founder of CryptoLaw, a legal platform meant to be a one-stop shop for public information, links to news articles, and probing analysis on the regulatory landscape of the US crypto industry. As a Republican candidate in Massachusetts, Deaton tried to unseat staunch crypto skeptic Elizabeth Warren in the 2024 US Senate elections, albeit unsuccessfully. While not necessarily warranted against all government agencies, Deaton’s frustration at the federal government’s inefficacies is at least understandable in the context of his protracted legal battle with the Securities and Exchange Commission. The agency recently sued a US-based crypto project, Dragonchain, alleging that its foundation conducted a $16.5 million unregistered…
