Crypto attorney John Deaton recently promoted Arch Public, a lesser-known crypto firm, on his X account. The firm claims to use algorithmic automation to give retail investors a fair chance. Deaton also revealed that he had joined Arch Public and created an account on Gemini to run “XRP ($2.07) and Bitcoin Algos.”
Many of Deaton’s long-time followers reacted with skepticism. His usual posts focus on crypto law, regulation, and, more recently, U.S. politics. Deaton is well known in the XRP community for defending XRP holders during the SEC v. Ripple lawsuit. Given his history of rarely endorsing crypto projects, his support for Arch Public — a firm with under 3,000 followers — came as a surprise.
Related article: Ripple CTO Defends XRP Distribution Process Against Criticism
Ripple CTO Expresses Concern
In response, Ripple CTO David Schwartz advised caution. He pointed out that Deaton’s post appeared “wrong in several ways.” Schwartz urged the XRP community to wait for proof that Deaton’s account wasn’t compromised. This warning was not without cause.
Deaton’s X account was previously hacked in 2023. At that time, scammers used it to promote a fake token called LAW. Fellow XRP advocates quickly debunked that post, and Deaton later regained control. Because of this past incident, many suspect his recent Arch Public post could be another hack.
Deaton Clarifies Intentions
To clear the air, Deaton followed up with a statement confirming the post’s authenticity. He shared that one of his lifelong goals has been to help everyday people invest and escape poverty. That mission led him to Bitcoin and later to XRP. He also recalled how his support for XRP caused friction with some Bitcoin supporters, who accused him of being a “Ripple Plant.”
Related article: XRP’s Relevance Under Fire as RLUSD ($1.00) Gains Momentum: Is Autobridging Enough to Keep It Afloat?
Deaton added that he had also invested in SpendTheBits, another project that had sparked doubt. He defended Arch Public’s free trading algorithm, arguing that it gives small investors access to tools once reserved for hedge funds.
To address the backlash, Deaton announced a live stream for today at 3 p.m. EST. He intends to answer all concerns related to his Arch Public endorsement and reaffirm his commitment to helping retail investors.
The post Ripple CTO Questions Legitimacy of Deaton’s Arch Public Post appeared first on FXcrypto News.
