Senator Eric Brakey has invited pro-XRP attorney John Deaton to testify at a bill that will authorize Maine State financial institutions to accept cryptocurrency deposits. Brakey has presented a bill, L.D. 990, to the Maine State Financial Service Committee, and the event will be held on April 4 and is open to the public via Zoom. Several industry experts have been lined up to testify and take crypto-related questions from the committee. An XRP enthusiast urged Senator Brakey to invite attorney Deaton for the testimony, and several XRP enthusiasts have backed the invitation, saying attorney Deaton is the most suitable person for the testimony. Attorney Deaton is among the stakeholders pushing for favorable regulations for the US crypto industry, and his testimony at the hearing could play a vital role in ushering in more friendly regulations for the asset class.

(By LELE JIMA)