Attorney John Deaton, who represents over 63,000 digital asset holders in an ongoing action against the SEC, has compiled evidence that SEC officials may have colluded with outside parties to regulate cryptocurrencies in line with their personal financial interests. According to Deaton, firstly, the judges declaration that there was no investment contract and no obligation to fulfill after the duty sale would result in an overwhelming victory for Ripple. The SEC has sued some digital token issuers for selling unlicensed securities, while other assets such as Bitcoin and ether have avoided the label. Deaton detailed a series of actions, events, and conflicts to diminish the SECs case. Surf The Daily Hodl Mix, Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology, Bitcoin Ethereum Trading Industry Announcements, ABOUT US | EDITORIAL POLICY | PRIVACY POLICY But you cant ignore both facts and the law. Check Price Action Password (at least 8 characters required). Deaton has been an instrumental part in Ripples legal battle against the U.S. Securities and Exchange Commission (SEC), predicated on allegations that the firm sold XRP as an unregistered security. John Deaton, founder of CryptoLaw and a pro-XRP lawyer, recently expressed his belief that the United States Securities and Exchange Commission (SEC) would lose its case against Ripple. Garlinghouse also noted there would be no "regard" for those affected by the SCE's actions, drawing attention to the agency's blatant lack of concern for individuals and companies that have been hurt by its harsh approach. The lawyer represented XRP holders as an amicus curiae last year and continues to follow the case closely. Commenting on why Ripples attorneys have chosen not to sue Hinman, attorney John Deaton, a lawyer representing 65,000 XRP holders, noted that WebDeaton Law Firm. John Deaton, founder of CryptoLaw and a pro-XRP lawyer, recently expressed his belief that the United States Securities and Exchange Commission (SEC) would lose its case against Ripple. WebCOURT OF APPEALS SECOND DISTRICT OF TEXAS FORT WORTH NO. Maine Senator Eric Brakey says he will be presenting L.D. According to attorney Deaton, he purchased his first XRP coins in 2016 due to the assets use for cross-border payments and settlements. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. The firm litigates matters relating to asbestos exposure, toxic tort injuries, medical malpractice, and catastrophic personal injuries. Law360 provides the intelligence you need to remain an expert and beat the competition. He said that this would make a huge difference since there would be a massive exhibit with hundreds of thousands of pages. PLEASE NOTE: A verification email will be sent to your address before you can access your trial. Nevertheless, despite the fact that the case was far along, the attorney expressed optimism that the parties may reach a settlement before a summary judgment, stressing that the plaintiffs were prepared. WebBy John E Deaton I started CryptoLaw to provide everyday investors with a clearinghouse of information, news and analysis on key U.S. legal and regulatory developments for The Deaton Law Firm routinely pursues matters against multi-billion dollar corporations. John Deaton, founder of CryptoLaw and a pro-XRP lawyer, recently expressed his belief that the United States Securities and Exchange Commission (SEC) would lose its case against Ripple. Qadir Ak is the founder of Coinpedia. The stonewalling must end if there can be any faith in the markets and in government oversight. 3 Top Game-changing Cryptos Redefining Industries RenderToken (RNDR), Lukso (LYXE) and Collateral Network (COLT). Over 6,000 XRP holders have joined a motion to intervene filed by Deaton Law Firm on Sunday 14th of March of 2021 in an attempt to intervene as a third-party defendant. After spending seven years on active duty as an officer in the U.S. Marine Corps, Mr. Deaton turned his attention to representing victims of asbestos. Monday, October 24, would be a big "reveal" as both Ripple and the SEC are expected to file publicly redacted versions of the opposition briefs. All rights reserved, Published on April 04, 2023 15:48 GMT+00:00. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena. Please see our Privacy Policy. Law360 takes your privacy seriously. Initially, in the memorandum of the law, Attorney John Deaton argued in favor of XRP. John Deaton, founder of CryptoLaw and a pro-XRP lawyer, recently expressed his belief that the United States Securities and Exchange Commission (SEC) would lose its case against Ripple. John Deaton, Managing Partner of the Deaton Law Firm, founded his law practice in 2006. "Feel proud. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Attorney and XRP supporter John Deaton is optimistic that Coinbase will prevail in its lawsuit against the U.S. Securities and Exchange Commission (SEC).. Rhode Island: (401) 351-6400 Toll Free Nationwide: (877) 351-9818 Email: all-deaton@deatonlawfirm.com. "We were all granted amicus status today!" 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And they call it: Decentralized Justice.". Which one of these outcomes do you think is the most plausible one for the Ripple vs SEC lawsuit? Elena is an expert in technical analysis and risk management in cryptocurrency market. In a tweet yesterday, CryptoLaw founder and pro-XRP lawyer John Deaton explains what prompted his decision to purchase XRP, the sixth-largest cryptocurrency by market capitalization. Fax: (401) 351-6401. I got that at zero thats now maybe I shouldnt have it that low, but thats how confident I am about that meaning, that ridiculous theory of theirs, he added. 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The SEC sued Ripple in late 2020 under allegations that the company sold XRP as an unregistered security. Blockchain Regulators John Deaton, the founder of the digital asset news company Crypto Law and an amicus curiae in the case, expressed optimism that Ripple will prevail in the ongoing securities litigation against the US Securities and Exchange Commission (SEC). The Senator asked his Twitter following to point him in the direction of crypto or blockchain experts that could come in handy for testifying in favor of the bill to Maines regulators. Scams Crypto101 HodlX John Deaton, a prominent highly-respected attorney closely monitoring the U.S. SECs lawsuit against FinTech firm Ripple, has shared his thoughts on why XRPUSDT and ETHUSDT should not be considered securities.. Deaton, Managing Partner of Deaton Law Firm, is the founder of CryptoLaw, a website focusing on U.S. legal and regulatory If the motion is approved by Judge Torres, XRP holders will be able to appear as third-party defendants in the lawsuit. Similarly, XRPs use case would , 2023 CoinMarketCap. Deaton went on to explain that the final proofreading could be ongoing or that the Judge could be in the proofreading stage. John E. Deaton, Managing Partner at The Deaton Law Firm and lawyer for approximately 11,000 XRP holders in the context of the SEC v Ripple lawsuit, has stated For the amici: John Deaton of the Deaton Law Firm, (CORRECTION: A previous version of this story said XRP was created in 2013. In a tweet shared by attorney Deaton today, a total of 70,100 XRP holders from all 50 states in the U.S. and 141 countries around the world have joined his lawsuit against the commission. Deaton is also the founder of the website CryptoLaw, which was launched in 2021 to be a clearinghouse of information, news and analysis on key U.S. legal and regulatory developments for digital asset holders, as well as the host of the YouTube channel CryptoLaw. Don't Miss a Beat Subscribe to get crypto email alerts delivered directly to your inbox The pro-XRP attorney and CryptoLaw founder expressed this in a He added that, as of now, there are 440 exhibits filed under seal. After overwhelming demand in the reply section, Brakey addressed Deaton. You can register to testify for L.D. Pro-XRP lawyer John Deaton has been asked to testify in favor of a new bill in Maine that aims to support the adoption of cryptocurrencies and digital assets. In response to the U.S. Securities and Exchange Commission's motion for summary judgment, Deaton said that hundreds of exhibits had been filed as Ripple and individual defendants submitted memorandums of law over the past week. Every new development in this case is highly anticipated. Looks like 3K XRP Holder Affidavits were submitted by Ripple," hesaidin a tweet. Law Journal: New England Journal of Criminal and Civil Confinement Eastern Michigan University, 1989 La personne qui a lanc cette ptition a dcid d'agir. Its about power.". Deatons statement came as a response to a tweet by former SEC enforcement official John Reed Stark, who highlighted that the SEC had started a crackdown on US-based cryptocurrency exchanges. We believe in quality over quantity, representing the most severely injured and suffering. A quick 3min read about today's crypto news! An incorrect link to a court document has also been replaced. Ferez-vous la mme chose? Attorney and XRP supporter John Deaton is optimistic that Coinbase will prevail in its lawsuit against the U.S. Securities and Exchange Commission (SEC).. Deaton tells his 262,100 Twitter followers that the US crypto exchange will emerge victorious in the lawsuit seeking to compel the SEC to disclose whether it has accepted or denied a Mesothelioma is a form of rare and deadly cancer that results from years of exposure to asbestos. WebIn this case, Plaintiffs John Deaton and his law firm (the Deaton Law Firm) (collectively Deaton) have launched a new chapter 1 of his messy fight with a Texas attorney, Steven 1 As of this writing, the following are the published decisions (most only online) dealing with the Deaton/JLF battle On March 31, John Deaton, a well-known attorney closely monitoring the U.S. SECs lawsuit against FinTech firm Ripple, shared his latest insights on the ongoing case. He also touched upon the impact of the banking crisis and the global implications it had. This comes amid reports that the banks seizure would soon be initiated by the Federal Deposit Insurance Corporation. When you have a massive exhibit w/hundreds thousands of pages, the system cant handle all as one exhibit and must be broken up. Our Standards: The Thomson Reuters Trust Principles. He has also interviewed a few prominent experts within the cryptocurrency space. Mar 2006 - Present17 years 2 months. Deaton Law Firm is located at 450 North Broadway in East Providence, RI 02914; (401) 351-6400; http://www.deatonlawfirm.com. He left the big firm environment because of his passionate desire to personally represent each of his clients to work on each and every case. We, the undersigned, ask that you use your oversight responsibility to open an investigation into the SEC's enforcement practices on cryptocurrencies and the apparent conflicts of interest among those responsible for issuing guidance and taking enforcement actions. 990 to the Maine Financial Services Committee on April 4th. Gary Gensler, the head of the U.S. Securities and Exchange Commission, recently testified before the House Finance Committee, revealing his understanding of regulatory duty. John Deaton of the Deaton Law Firm, who represents the XRP holders, and a spokesperson for the SEC did not immediately respond to a request for comment on Monday. In mid-October, Ripple Labs CEO Brad Garlinghouseexpressed his "outrage"at the SEC over the years-long lawsuit against Ripple. Second, Judge Analisa Torres can decide that Ripple violated the law when it first started out for a specific time but come to the conclusion that XRP doesnt count as security in secondary market transactions now. Coinbase has taken legal action against the Securities And Exchange Commision (SEC) due to their lack of response to their filing, which they claim is the primary reason for their decision. The SEC's enforcement actions on cryptocurrencies have involved the appearance of improprieties and conflicts of interest among officials, and should be investigated. The case is SEC v. Ripple Labs Inc, U.S. District Court, Southern District of New York, No. Prior to founding the Deaton Law Firm, Attorney John Deaton practiced law at a national litigation firm. Pro-XRP lawyer John Deaton has explained how Coinbase has solid grounds and how the crypto industry will eventually triumph in the court. Ripple and the executives have denied the allegations, and the company has argued that XRP has traded and been used as a digital currency. Copyright 2017 Deaton Law Firm, 450 N Broadway, East Providence, RI 02914
By limiting the number of cases, we can provide personal attention, comprehensive case work-up, expedited trial dates, and maximum financial compensation. Petition to Senators Sherrod Brown (D-OH) and Pat Toomey (R-PA), and Representatives Maxine Waters (D-CA) and Patrick McHenry (R-NC): We are writing to you as the Chairpersons and Ranking Members of the U.S. Congressional committees overseeing the Securities and Exchange Commission, because we are foreign citizens and digital asset holders who have been grievously harmed rather than protected by that agency. For a free consultation and more information about your legal options, please contact us today. WebAttorney John Deaton, who represents over 63,000 digital asset holders in an ongoing action against the SEC, has compiled evidence that SEC officials may have colluded with Because the disease takes years to be discovered, individuals may not be aware that they have it, or even what caused it. WebPhone: (401) 351-6400. Exclusive news, data and analytics for financial market professionals, Law firms and corporate law departments find strategic partners in ALSPs, US regulation after SVBs collapse: What regulators can do and where Congress needs to act, Ransomware & crypto: The growing compliance challenge, Insights in Action: Corporate law departments find their outside firms innovation lagging, but there may be little incentive to change, SEC loses bid for Ripple legal docs in $1.38 billion XRP battle, At the heart of the SECs case against Ripple, a dispute over legal advice, American Airlines pilots authorize a strike mandate, Regulators seize First Republic Bank, sell assets to JPMorgan, Exclusive: Subway comes up with debt plan to clinch $10 billion-plus sale, JPMorgan's takeover of First Republic fuels M&A expectations. Your voices are being heard. Prior to establishing this law firm in Rhode Island, John Deaton was in the United States Marine Corp. 28 Apr 2023 19:28:32 The third possible conclusion, according to Deaton, is that the SEC wins outright. WebThe career criminal sentencing law known as Three Strikes and Youre Out was enacted in California in 1994. Deaton wrote on Twitter, where the ruling was celebrated by cryptocurrency enthusiasts. The SECs pursuit of a policy objective isnt about a faithful allegiance to the law. Also Read: Binance CEO CZ Calls For Unity In Crypto Industry Amid FUD Over Rumors, Deaton, who is known for the sharp criticism against the SECs enforcement actions, talked about the potential use case of Bitcoin acting as the digital dollar. 048-283747-16 --- Crypto lawyer and XRP supporter John Deaton is giving his take on when Ripples legal tussle with the U.S. Securities and Exchange Commission (SEC) could end.. Crypto Market News: The turmoil in banking sector came as a boon for the crypto market, as Bitcoin price took off over concerns of regional bank collapse in March 2023. Here is a link to Deaton's summary of the evidence: https://www.crypto-law.us/the-ethereum-free-pass-fair-notice-and-the-fight-ahead/. (Reuters) - A group of individuals who own digital tokens associated with Ripple Labs Inc can offer their "meaningful perspective" in the U.S. Securities and Exchange Commission's case accusing the company of violating securities law, a Manhattan federal judge ruled on Monday. He and his qualified staff of professionals are motivated by a passionate desire to give personal and detailed attention to clients and their families. 29 Apr 2023 17:00:14 According to attorney Deaton, he purchased his first XRP coins in 2016 due to the assets use for cross-border payments and settlements. All rights reserved, Published on April 29, 2023 05:20 GMT+00:00. John E Deaton on Twitter: "Clayton should not have voted b/c his law firm represented Consensys and brokered the purchase of Quorum between Consensys and JPMorgan, which was pushing JPMCoin - a direct competitor to Ripple and XRP as you can see. Pro-XRP lawyer John Deaton has explained how Coinbase has solid grounds and how the crypto industry will eventually triumph in the court. Deaton has discussed his opinions on every possible outcome. At the heart of the SECs case against Ripple, a dispute over legal advice. Ripple's founders created XRP in 2012. John E. Deaton, the attorney who has previously filed a Motion to Intervene in the name of XRP holders, admitted that it is a big deal to subpoena a former high If youre diagnosed with mesothelioma, contact the Rhode Island mesothelioma attorneys at the Deaton Law Firm. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. Regulator claims XRP token is unregistered security, Tokenholders granted amicus status to offer legal views. Law360 may contact you in your professional capacity with information about our other products, services and events that we believe may be of interest.Youll be able to update your communication preferences via the unsubscribe link provided within our communications.We take your privacy seriously. "My daughter is an example of an XRP Holder who had never heard of Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. WebThe XRP holders, represented by Deaton's father, John Deaton, said in their March motion to intervene that they stood to lose billions of dollars from the SEC suit alleging that By Nicholas Say March 16, 2021. "My outrage has grown as the litigation has unfolded," he said. Bitcoin Price Prediction: BTC's Roller Coaster Ride - Recovering After an 8% Drop, Will It Reach 30K Today? In a recent tweet, the Crypto Law founder called on the XRP community to provide info about Ripple, Bitcoin, and Ethereums market capitalization as of January Anita Jains practice focuses on litigation in the areas of real property, title, mechanics liens, complex business commercial disputes, and civil appeals. Follow us on Twitter, Facebook and Telegram Also Read: PayPals Crypto Push: Over 60 Million Venmo Users Can Now Transfer Crypto, Hence, what started with Silvergate is now seen similarly with the First Republic Bank.
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