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. 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. Russia To Use Evil Cryptocurrency For Foreign Trade; Heres Why. The Deaton Law Firm strives to seek justice for victims and families. 990 to the Maine Financial Services Committee on April 4th. 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. Follow us on Twitter, Facebook and Telegram If the motion is approved by Judge Torres, XRP holders will be able to appear as third-party defendants in the lawsuit. The stonewalling must end if there can be any faith in the markets and in government oversight. 048-283747-16 --- Mar 2006 - Present17 years 2 months. 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. The pro-XRP attorney and CryptoLaw founder expressed this in a Read on. When you have a massive exhibit w/hundreds thousands of pages, the system cant handle all as one exhibit and must be broken up. Lawyer He has also interviewed a few prominent experts within the cryptocurrency space. Although the XRP community seems to believe that the U.S. SECs lawsuit against Ripple does not go to verdict, American lawyer John Deaton, the owner of the Deaton Law Firm, now thinks that we will get a decision by Judge Torres. As you may remember, on 22 December 2020, the SEC announced that it had filed an action against The XRP holders including Deaton's daughter, Jordan, said in their bid to intervene in the case that the token lost $15 billion in value when crypto exchanges in the U.S., including Coinbase, delisted or suspended trading in XRP after the SEC sued. Maine Senator Eric Brakey says he will be presenting L.D. This could include situations involving Twitter appearances, software updates, or legal teams, which Gensler and the SEC might consider sufficient for suspecting a crypto asset as securities requiring registration. ANITA JAIN MDJA Law But conflicts of interests dont get in the way at the SEC." 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. ATTORNEY JOHN DEATON WANTS THE 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. "Feel proud. John earned the rank of Major and was awarded the Meritorious Service Medal and Navy Marine Corps Commendation Medal. They are able to give each client individual attention, and get to know every single persons case thoroughly. We believe in quality over quantity, representing the most severely injured and suffering. Industry Announcements, ABOUT US | EDITORIAL POLICY | PRIVACY POLICY 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). 27 Apr 2023 16:48:42 The SEC had argued against letting the token holders act as amici and present evidence. You can register to testify for L.D. But conflicts of interests dont get in the way at the SEC. 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 Every new development in this case is highly anticipated. Please see our Privacy Policy. John Crypto Expert Says Banking Crisis Just Starting; Heres Why 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 Lawyer 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. 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 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. The case is being closely watched by attorneys in the crypto space, as regulators continue to grapple with how to regulate the asset class. Your voices are being heard. He had seven years of active duty, at which time he was a federal prosecutor and criminal defense attorney. The industry leader for online information for tax, accounting and finance professionals. 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. All rights reserved, Published on April 29, 2023 05:20 GMT+00:00. 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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.. Judge in Ripple cryptocurrency case wants token holders' views The law doubled the minimum sentence for serious or violent felons John Deaton, Managing Partner of the Deaton Law Firm, founded his law practice in 2006. 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. John E. Deaton, the lawyer representing XRP holders in the motion, says he also has notified the Securities and Exchange 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. 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. 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. 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).