Lawyer Deaton, who supports XRP, claims that JPMorgan is manipulating bitcoin just like it manipulates silver.

According to a report by Bijie Network: The well-known XRP-supporting lawyer John E. Deaton has accused major banks, particularly JPMorgan and its CEO Jamie Dimon, of suppressing the price of bitcoin by leveraging the "paper market" and futures contracts, drawing parallels to past manipulations in the precious metals market. He believes this has caused bitcoin's price to remain stagnant despite favorable macroeconomic conditions and a crypto-friendly political environment, citing similar strategies previously used in the silver market. Deaton described this as a structural shift and a coordinated action by traditional finance, linking it to policy battles in Washington. Previously, Galaxy Digital CEO Mike Novogratz also questioned bitcoin's recent price movements. These allegations come at a time when JPMorgan has previously faced hefty fines for manipulating precious metals futures.