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Attorney Deaton Criticizes Michael Saylor's Assertion that Bitcoin Will be the Only Cryptocurrency Traded in the US

John Deaton, founder of CryptoLaw and a proponent of XRP, has criticized Michael Saylor, co-founder of MicroStrategy and a well-known supporter of Bitcoin, for suggesting that Bitcoin would be the only cryptocurrency traded in the US. Saylor, who is known for his maximalist views on Bitcoin, has previously dismissed altcoins as a "parade of horribles" and considers any cryptocurrency other than Bitcoin to be a security. Deaton called Saylor's comment "plain dumb" and expressed confusion over his belief that Bitcoin would be the only crypto asset traded in the US.

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