John E. Deaton, a lawyer, recently shared his insights on the negative impact of the ongoing SEC lawsuit against Ripple on the adoption of XRP. Deaton experienced this first-hand when he attempted to make a payment over the Internet and noticed that the payment processor BitPay, which initially had supported XRP, stopped processing XRP transactions within the United States. This is in stark contrast to other cryptocurrencies like Dogecoin, which was created as a joke but has since been adopted for payments. Deaton’s tweet highlights the irony of the situation, where a cryptocurrency created as a meme has found its way into payment systems, while XRP, a cryptocurrency designed specifically for payments, has faced setbacks due to regulatory challenges.

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Information	Details
Geography	North America
Countries
Sentiment	negative
Relevance Score	8
People	John E. Deaton, Dogecoin, BitPay
Companies	Ripple, BitPay, SEC, Binance, Dogecoin
Currencies	US Dollar, Dogecoin, Ethereum, XRP, Bitcoin
Securities	None