Attorney Deaton says XRP secondary market transactions are not securities. Prominent cryptocurrency advocate and lawyer John Deaton has taken to Twitter to assert that XRP secondary market transactions are not securities. Former SEC Director’s Opinion on Secondary Market Transactions Attorney Deaton made this known in reference to a tweet by former SEC director Marc Fagel. The post In-depth Analysis: Deaton’s Examples Highlight XRP as Non-Security first appeared on The Crypto Basic .