The regulatory agency filed a lawsuit against Ripple and its executives in December 2020, alleging the sale of XRP constituted an offering of unregistered securities worth over US$1.38 billion. For the amici: John Deaton of the Deaton Law Firm, (CORRECTION: A previous version of this story said XRP was created in 2013. ), Create custom alerts for specific article and case topics and, I took a free trial but didn't get a verification email. Qadir Ak is the founder of Coinpedia. Torres ruled they will only be allowed to make legal arguments on issues such as whether the case should be dismissed. An incorrect link to a court document has also been replaced. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Already a subscriber? We believe in quality over quantity, representing the most severely injured and suffering. John earned the rank of Major and was awarded the Meritorious Service Medal and Navy Marine Corps Commendation Medal. 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. All rights reserved, Published on April 04, 2023 15:48 GMT+00:00. Russia To Use Evil Cryptocurrency For Foreign Trade; Heres Why. Copyright 2017 Deaton Law Firm, 450 N Broadway, East Providence, RI 02914 In a Saturday tweet, Deaton mentioned that 3,000 XRP holders' affidavits had been submitted by Ripple. Deaton, Managing Partner of Deaton Law Firm, is the founder of CryptoLaw, a website focusing on U.S. legal and regulatory developments for digital asset holders, and the host 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. Blockchain Regulators Fax: (401) 351-6401. 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. 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 Deaton Law Firm is located at 450 North Broadway in East Providence, RI 02914; (401) 351-6400; http://www.deatonlawfirm.com. "Feel proud. The pro-XRP attorney and CryptoLaw founder expressed this in a For a free consultation and more information about your legal options, please contact us today. He claimed that in the Ripple lawsuit, the judge shamed the SEC for not having a faithful allegiance to the law. The truth is the SEC does not have clean hands and has not and is not honoring its mission to protect investors. I am the owner of the Deaton Law Firm, which specializes in representing mesothelioma victims who were exposed to A slew of measures initiated by the US Federal Reserve and easing market conditions were believed to be saving the US banking sector from a widespread banking collapse. 990 to the Maine Financial Services Committee on April 4th. Does this Mesothelioma Lawyer listing belong to you or your company? The lawyer also criticized the SECs stance that crypto projects must seek contact with the authority but ultimately do not receive resilient legal information. 990 to the Maine Financial Services Committee on April 4th. "My daughter is an example of an XRP Holder who had never heard of Because the disease takes years to be discovered, individuals may not be aware that they have it, or even what caused it. WebProfessional Experience. John Deaton, crypto lawyer and founder of legal and regulatory digital asset news company CryptoLaw, has praised XRP holders for their support in the ongoing Ripple lawsuit. Attorney John E. Deaton has asserted that judges would be forced to draw attention to perceived lack of allegiance to the law, overreach, and inconsistent statements from the United States Securities and Exchange Commission (SEC) in its crypto enforcement actions. 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. WebThe career criminal sentencing law known as Three Strikes and Youre Out was enacted in California in 1994. The XRP tokenholders sought to intervene in March, saying they were de facto defendants in the case and wanted to protect their interests. The Deaton Law Firm routinely pursues matters against multi-billion dollar corporations. Following recent details and revelations, the Ripple community continues to enquire why a case has not yet been established against Hinman by the blockchain companys attorneys.. WebFounded in 2006 by managing partner John Deaton, the Deaton Law Firm has litigated tenaciously on behalf of their clients suffering from Mesothelioma and other asbestos WebCOURT OF APPEALS SECOND DISTRICT OF TEXAS FORT WORTH NO. Surf The Daily Hodl Mix, Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology, Bitcoin Ethereum Trading The SEC had argued against letting the token holders act as amici and present evidence. Its understandable for one to believe many of these tokens have been offered and sold as securities at some point. The SEC's enforcement actions on cryptocurrencies have involved the appearance of improprieties and conflicts of interest among officials, and should be investigated. The Deaton Law Firm is small, but gets the results of a larger firm. He also touched upon the impact of the banking crisis and the global implications it had. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. A slew of measures initiated by the US Federal Reserve and easing market conditions were believed to be saving the US banking sector from a widespread banking collapse. 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. 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 Deaton has discussed his opinions on every possible outcome. 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. Torres denied the XRP holders' bid to intervene as a class in the case, which she said would cause undue delay. 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. 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. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. 29 Apr 2023 17:00:14 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. Bitcoin Price Tumbles To Near $28K Ahead Of FOMC Meeting! If youre diagnosed with mesothelioma, contact the Rhode Island mesothelioma attorneys at the Deaton Law Firm. Its about power.". Crypto Lawyer John Deaton Believes SEC Will Lose to Ripple After Judge Dismisses Its Arguments, Ripple vs SEC Verdict Timeline: Here Are All The Latest Updates, Ripple Alleges that the SEC Suffered a Setback in the XRP Lawsuit, Ripple Vs SEC Lawsuit Update: Company Reveals New End Date Amidst Legal Battle, Ripples Legal Turmoil Escalates: XRP Holders Pose Threat in Court, Why Experts Expect Sparklo (SPRK) To Outperform Cardano (ADA) And Cosmos (ATOM), Exploring The Endless Possibilities Created By Avorak AI And Arbitrum, 7 Undervalued Cryptocurrencies With 10x Potential, Insider Insights: Top Attorney Reveals Why Coinbase Wont Delist ETH Like XRP, Render Token (RNDR), and Solanas (SOL) Expectations Wane As Sparklo (SPRK) Wax Stronger With Bonuses, Justin Suns Whopping TUSD Transfer to Binance Raises Red Flags Heres Whats Happening, First Republic Banks Dramatic Collapse Ends with JPMorgan Takeover. Coinpedia - Trusted Crypto Agency for News, Information, Exchange, PR, Blockchain Events, Crypto Wallet and Else related to Decentralized World. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. The fourth situation is that if no one wins, the case will be sent to the jury for comments and eventual determination. Deaton said that the public would be able to read "limited redacted versions of the opposition," but not the 56.1 statements, counter statements, exhibits, deposition testimony, and more until next year. John E. Deaton, the lawyer representing XRP holders in the motion, says he also has notified the Securities and Exchange See here for a complete list of exchanges and delays. 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. [{"url":"https:\/\/cryptonews.com\/news\/best-crypto-to-buy.htm","name":"Best crypto to buy now","children":[]}], Crypto Lawyer John Deaton Praises XRP Holders For Efforts During Ripple Lawsuit Find Out What He Said, Top Bridgewater Executive Joins Crypto Investment Management Firm BlockTower Capital, Chinas WeChat to Allow More In-app CBDC Payments Digital Yuan Pilot Accelerates, Hong Kong Regulators Set to Reveal Crypto Exchange License Guidelines in May. 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. 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. 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/. Which one of these outcomes do you think is the most plausible one for the Ripple vs SEC lawsuit? 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. The SECs pursuit of a policy objective isnt about a faithful allegiance to the law. Don't Miss a Beat Subscribe to get crypto email alerts delivered directly to your inbox All rights reserved, Published on April 29, 2023 05:20 GMT+00:00. Pro-XRP lawyer John Deaton has explained how Coinbase has solid grounds and how the crypto industry will eventually triumph in the court. Jody Godoy reports on banking and securities law. The case is being closely watched by attorneys in the crypto space, as regulators continue to grapple with how to regulate the asset class.
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