Crypto lawyer John Deaton debunks report claiming SEC assigned specific roles to XRP, ADA, and SOL
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- John Deaton says the SEC has not officially allocated roles to XRP, ADA, and SOL.
- Deaton debunked news from a crypto-related website over unverified reports.
- XRP, ADA, and SOL surged significantly following the role designation report.
Crypto lawyer John E. Deaton has refuted a report that claimed the U.S. Securities and Exchange Commission (SEC) had assigned specific roles to XRP, ADA, and SOL.
Deaton stated unequivocally on social media platform X that the SEC did not release any such information.
What Did the Disputed Report Claim?
The report, which appeared on a crypto news platform several hours before Deaton’s rebuttal, alleged that the SEC had designated XRP for state-level financial transactions, ADA for academic credentialing and government services, and SOL for high-speed blockchain applications.
The article further claimed these were the three cryptocurrencies President Donald Trump said the US government would include in a national crypto reserve.
Related: Is This XRP Proposal on the SEC Website Real? Quest…
The post Crypto lawyer John Deaton debunks report claiming SEC assigned specific roles to XRP, ADA, and SOL appeared first on Coin Edition.
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