- John Deaton says market performance, not regulators, will determine which crypto assets succeed in the long term.
- Ethereum currently handles most RLUSD trading volume, despite Ripple launching it for the XRP Ledger.
- Media endorsements of XRP and heated community responses reflect deep divisions among crypto supporters.
Crypto lawyer John Deaton has weighed in on growing tribalism between Ethereum and XRP communities. The debate, which continues to divide supporters of both networks, has intensified amid discussions around recent crypto legislation.
Deaton responded to criticism after suggesting Ethereum is among the winners of the recently passed GENIUS Act. This act focuses on stablecoin regulation and could benefit major players like Circle and Ripple. In his comments, Deaton clarified that market performance, not regulatory favoritism, will ultimately determine winners.
He noted that both Ethereum and Ripple have significant roles in the evolving digital asset landscape. However, he emphasized that the decision on which network thrives belongs to the market, not government insiders or vocal factions within the community.
Ethereum’s Support for RLUSD Cited
In support of Ethereum, Deaton pointed out that most trading activity for Ripple’s RLUSD stablecoin occurs on the Ethereum network rather than on XRP’s native ledger. This observation sparked backlash from XRP supporters, prompting further comments from Deaton highlighting the impartial role of the market.
He reaffirmed that this trend reflects actual usage patterns rather than community preference, suggesting Ethereum’s infrastructure currently offers broader reach for stablecoins like RLUSD.
Community Reactions Highlight Divisions
Following Deaton’s remarks, several community members expressed concerns over perceived favoritism. Tony Edward, a known crypto figure, said XRP is gaining liquidity and that this has caused tension among Bitcoin and Ethereum advocates.
Robert Breedlove, a Bitcoin proponent, made a controversial statement about XRP, prompting broader debate. Meanwhile, USA Today published an article recommending XRP as a top crypto investment, which drew mixed reactions across the space.
Ali Martinez described the USA Today recommendation as a signal of a market peak. On the other hand, Laura Shin criticized the publication’s lack of crypto-savvy journalism. These reactions underline the growing scrutiny surrounding media narratives during bullish market conditions.
