Pro-XRP Attorney Deaton Discusses Ripple’s Increased Bid for Circle

Attorney John Deaton, a prominent figure in the XRP community, has weighed in on Ripple’s reported efforts to acquire Circle, the issuer of USDC. According to recent reports, Ripple initially offered $5 billion for the company, but Circle declined.Deaton noted that Ripple is now believed to have increased its offer to $20 billion, suggesting the company aims to expand its role in the stablecoin market and strengthen the position of both RLUSD and XRP.Why Circle Rejected Ripple’s First OfferDeaton noted that Circle filed its S-1 registration with the U.S. Securities and Exchange Commission (SEC) on April 1, 2025, announcing plans to list on the New York Stock Exchange under the ticker “CRCL.”The company is working with JPMorgan Chase and Citigroup as lead underwriters and aims for a valuation between $4 billion and $5 billion. This figure is notably lower than the $9 billion valuation Circle sought during a failed SPAC deal in 2022.The rejection of Ripple’s $5 billion proposal suggests Circle anticipates a higher post-IPO valuation, potentially exceeding the $9 billion figure it previously targeted. Deaton remarked that Circle may believe its market value will climb further, especially in light of favorable regulatory developments and renewed institutional interest in digital assets.Major Regulatory Shifts for CryptocurrenciesThe political and regulatory climate in the U.S. has become increasingly supportive of crypto initiatives. The Trump administration has adopted a more open stance toward digital assets, and the proposed STABLE GENIUS Act is expected to provide a clearer framework for stablecoin issuers.Trump’s pro-crypto stance is clear, and the new regulatory environment contributes to the expectation that Circle’s IPO could unlock higher valuations, making a future acquisition even more costly.We are on twitter, follow us to connect with us :- @TimesTabloid1— TimesTabloid (@TimesTabloid1) July 15, 2023Ripple’s Stablecoin Strategy and Market ExpansionRipple’s enhanced $20 billion bid reflects its broader ambitions in the stablecoin sector. The company launched RLUSD, its stablecoin, in December, and by acquiring Circle, it would immediately expand its influence through USDC, currently the second-largest stablecoin.This would benefit RLUSD, Ripple’s newly launched stablecoin, and XRP by embedding them deeper into mainstream financial ecosystems. Though Circle has not confirmed the $20 billion bid, the implications are significant.Such an acquisition would be one of the largest in crypto history and could shift the balance of power among stablecoin providers. Ripple would gain market share and strategic infrastructure that could enhance its cross-border payment services and digital asset offerings, and increase the adoption of XRP, RLUSD, and Ripple’s payment services.Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.Follow us on X, Facebook, Telegram, and Google NewsThe post Pro-XRP Attorney Deaton Discusses Ripple’s Increased Bid for Circle appeared first on Times Tabloid.