Interestingly, as of today, there are now over 70,000 XRP holders who have joined Deatons class action against the SEC. PLEASE NOTE: A verification email will be sent to your address before you can access your trial. 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. 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. However, Garlinghouse has claimed that the SEC's lawsuit was a show of power rather than a legitimate attempt to enforce the law. Pro-XRP lawyer John Deaton has explained how Coinbase has solid grounds and how the crypto industry will eventually triumph in the court. By limiting the number of cases, we can provide personal attention, comprehensive case work-up, expedited trial dates, and maximum financial compensation. And they call it: Decentralized Justice.". The SEC had argued against letting the token holders act as amici and present evidence. 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. Commenting on why Ripples attorneys have chosen not to sue Hinman, attorney John Deaton, a lawyer representing 65,000 XRP holders, noted that The SEC sued Ripple in late 2020 under allegations that the company sold XRP as an unregistered security. 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. 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. Law360 takes your privacy seriously. This comes amid reports that the banks seizure would soon be initiated by the Federal Deposit Insurance Corporation. See here for a complete list of exchanges and delays. All rights reserved, Published on April 04, 2023 15:48 GMT+00:00. Ive read the Coinbase Writ. 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. Mesothelioma is a form of rare and deadly cancer that results from years of exposure to asbestos. Deaton went on to explain that the final proofreading could be ongoing or that the Judge could be in the proofreading stage. 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. He added that, as of now, there are 440 exhibits filed under seal. WebDeaton Law Firm. He has also interviewed a few prominent experts within the cryptocurrency space. Please see our Privacy Policy. Your voices are being heard. Don't Miss a Beat Subscribe to get crypto email alerts delivered directly to your inbox Honors: Magna Cum Laude, Our Deaton Law Firm family is committed to finding justice for yours. [{"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. 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. 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.. John earned the rank of Major and was awarded the Meritorious Service Medal and Navy Marine Corps Commendation Medal. Attorney Deatons Push for Justice Meanwhile, attorney Deaton is determined to get justice for XRP victims of the SEC lawsuit, and the process has continued to gain momentum. 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. An incorrect link to a court document has also been replaced. Prior to establishing DLF, John worked for a Reach her at jody.godoy@thomsonreuters.com. The lawyer also criticized the SECs stance that crypto projects must seek contact with the authority but ultimately do not receive resilient legal information. "Exhibit 167 is broken into 26 parts. Click here to login, 2023, Portfolio Media, Inc. | About | Contact Us | Legal Jobs | Advertise with Law360 | Careers at Law360 | Terms | Privacy Policy | Cookie Settings | Help | Site Map, Enter your details below and select your area(s) of interest to stay ahead of the curve and receive Law360's daily newsletters, Email (NOTE: Free email domains not supported). He had seven years of active duty, at which time he was a federal prosecutor and criminal defense attorney. Check Price Action In the legal profession, information is the key to success. They are able to give each client individual attention, and get to know every single persons case thoroughly. Jody Godoy reports on banking and securities law. Blockchain Regulators "My outrage has grown as the litigation has unfolded," he said. Merkle Trade Launches First Trading Contest with a $3,000 Prize Pool, Wild Bitcoin Price Swings Trigger $150 Million in Liquidations in BTC Futures Market Here Are the Key Themes Driving the Market Right Now, Why are Crypto Prices Are Pumping Today? The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Brakey says the bill is modeled after a law in Wyoming, authorizing private financial institutions in Maine to accept deposits of cryptocurrencies such as Bitcoin with 100% reserve requirements. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He claimed that in the Ripple lawsuit, the judge shamed the SEC for not having a faithful allegiance to the law. Deaton further pointed out that Gensler seems content with using the Howey Test, an outdated method from the first half of the 20th century, to try and prove that all cryptosapart from Bitcoinmust be illegal without SEC approval. He and his qualified staff of professionals are motivated by a passionate desire to give personal and detailed attention to clients and their families. 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). Founded 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-related illnesses. 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. 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. WebPhone: (401) 351-6400. Ripple's founders created XRP in 2012. Industry Announcements, ABOUT US | EDITORIAL POLICY | PRIVACY POLICY Prior to founding the Deaton Law Firm, Attorney John Deaton practiced law at a national litigation firm. 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. WebProfessional Experience. 990 to the Maine Financial Services Committee on April 4th. It was created in 2012. 70,100 as of now. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. See here for a complete list of exchanges and delays. La personne qui a lanc cette ptition a dcid d'agir. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. The legal expert also mentioned SEC cases against LBRY, Grayscale, and Voyager, where judges dismissed the regulators arguments as lacking clarity or making no sense, and even reprimanded the SECs ethics and behavior. East Providence, RI Mesothelioma Attorneys. 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. He spoke at a public hearing at the Maine Financial Services Committee on Tuesday. 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. Already a subscriber? Deaton supported his assertion by mentioning four instances where different judges found the SECs arguments to be meritless. WebCOURT OF APPEALS SECOND DISTRICT OF TEXAS FORT WORTH NO. Prior to establishing this law firm in Rhode Island, John Deaton was in the United States Marine Corp. Is Massive Correction On The Horizon. 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. Bitcoin Price Tumbles To Near $28K Ahead Of FOMC Meeting! Their general counsel and their CEO have publicly stated that they would settle today if the SEC would agree to ongoing future sales secondary market sales.. But conflicts of interests dont get in the way at the SEC. XRPs Fate Hangs in Balance: John Deaton Predicts 4 Possible Outcomes in Ripple Vs SEC Lawsuit, 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. Scams Crypto101 HodlX In order to ensure that justice is served during this time of medical crisis, a mesothelioma lawyer should be hired. 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. All trademarks and copyrights on this page belong to their respective owners. According to Deaton, the law is on the side of the US crypto exchange. The outcome of the Ripple v. SEC litigation, which is soon to be decided, has everyone on the edge of their seats. 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. Ripple and XRP Altcoins 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. 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 For a free consultation and more information about your legal options, please contact us today. The case is SEC v. Ripple Labs Inc, U.S. District Court, Southern District of New York, No. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. He said that this would make a huge difference since there would be a massive exhibit with hundreds of thousands of pages. 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. The truth is the SEC does not have clean hands and has not and is not honoring its mission to protect investors. 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 Law360 provides the intelligence you need to remain an expert and beat the competition. In , 2023 CoinMarketCap. In a Saturday tweet, Deaton mentioned that 3,000 XRP holders' affidavits had been submitted by Ripple. 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. XRP Crypto News: John Deaton, the lawyer who represents hundreds of XRP token holders in the ongoing Ripple lawsuit against the U.S. Securities and Regarding the XRP case, it is interesting to note that Deaton filed a groundbreaking lawsuit on behalf of XRP, seeking to have the SEC amend its complaint against Ripple by only focusing on XRP Bitcoin Price Prediction: BTC's Roller Coaster Ride - Recovering After an 8% Drop, Will It Reach 30K Today? XRP Crypto News: John Deaton, the lawyer who represents hundreds of XRP token holders in the ongoing Ripple lawsuit against the U.S. Securities and Exchange Commission (SEC), said there was no truth to the perceived notion of Bitcoin and digital assets being a threat to the US financial system and the US Dollar. 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. Futuremash Today, we have a fresh update for you. Much of You have to know whats happening with clients, competitors, practice areas, and industries. 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 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. 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. Every new development in this case is highly anticipated. 990 here. Founder of Deaton Law Firm, Attorney John Deaton has just recently filed a motion with the court to participate in the lawsuit as representative of XRP holders. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena. 990 to the Maine Financial Services Committee on April 4th. The fourth situation is that if no one wins, the case will be sent to the jury for comments and eventual determination. 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. 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 According to attorney Deaton, he purchased his first XRP coins in 2016 due to the assets use for cross-border payments and settlements. Looks like 3K XRP Holder Affidavits were submitted by Ripple," hesaidin a tweet. But you cant ignore both facts and the law. 29 Apr 2023 17:00:14 3 Top Game-changing Cryptos Redefining Industries RenderToken (RNDR), Lukso (LYXE) and Collateral Network (COLT), XRP Price Explosion: Analyst Speculates on a Staggering 300% Surge. The SECs pursuit of a policy objective isnt about a faithful allegiance to the law. The SEC under Gary Gensler has refused to address these troubling questions, resisted Freedom of Information Act (FOIA) requests and ignored media reports. Regulator claims XRP token is unregistered security, Tokenholders granted amicus status to offer legal views. WebThe career criminal sentencing law known as Three Strikes and Youre Out was enacted in California in 1994. WebJohnson, and his law firm (Law Offices of Steven M. Johnson P.C., d/b/a the Johnson Law Firm) (collectively JLF) over the sharing of the attorneys fees generated through the settlement of more than a hundred Kugel Mesh claims. 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. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. 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/. The Deaton Law Firm is small, but gets the results of a larger firm. 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. WebJohn Deaton of the Deaton Law Firm, an asbestos litigation firm based in Rhode Island, represents the proposed intervenors including his daughter, Jordan. Read on. John E Deaton (@JohnEDeaton1) March 31, 2023. Mar 2006 - Present17 years 2 months. Please see our Privacy Policy. 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 Which one of these outcomes do you think is the most plausible one for the Ripple vs SEC lawsuit? The truth is the SEC does not have clean hands and has not and is not honoring its mission to protect investors. After the collapse of Silvergate and Signature Bank in March, the decline of First Republic Bank (FRC) stock raised fresh concerns over stability in the sector. If youre diagnosed with mesothelioma, contact the Rhode Island mesothelioma attorneys at the Deaton Law Firm. ), SEC loses bid for Ripple legal docs in $1.38 billion XRP battle In 2013, 2017, and 2018, Ms. Deaton was recognized as Top Lawyer in San Diego, by San 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. Attorney Deaton realizes the importance of knowing his clients and their loved ones. By John E. Deaton, Founder and Host, CryptoLaw. 3 Top Game-changing Cryptos Redefining Industries RenderToken (RNDR), Lukso (LYXE) and Collateral Network (COLT). The Deaton Law Firm can help you navigate the legal landscape when filing a claim. Try our Advanced Search for more refined results. The Deaton Law Firm strives to seek justice for victims and families. Its about power.". Russia To Use Evil Cryptocurrency For Foreign Trade; Heres Why. Qadir Ak is the founder of Coinpedia. The firm is dedicated to representing clients wrongfully injured by asbestos companies, pharmaceutical companies, and chemical companies. By Nicholas Say March 16, 2021. You can register to testify for L.D. 28 Apr 2023 19:28:32 Torres ruled they will only be allowed to make legal arguments on issues such as whether the case should be dismissed. The law firm serves clients throughout Rhode Island, New England, and the surrounding areas, as well as national clients. 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 Coinpedia - Trusted Crypto Agency for News, Information, Exchange, PR, Blockchain Events, Crypto Wallet and Else related to Decentralized World. 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 Copyright 2017 Deaton Law Firm, 450 N Broadway, East Providence, RI 02914 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, crypto lawyer and founder of legal and regulatory digital asset news company CryptoLaw, has praised XRP holders for their support in the ongoing APPELLANTS V. MARGARET MORENO AND LAW OFFICES OF STEVEN M. JOHNSON APPELLEES -----FROM THE 48TH DISTRICT COURT OF TARRANT COUNTY TRIAL COURT NO. #XRP lawyer John Deaton praised Coinbase's response to the SEC, saying that it sets an example of how to stand up for one's interests by extending the olive branch of dialogue and cooperation while demonstrating firmness and unwavering in their beliefs. 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Deaton detailed a series of actions, events, and conflicts to diminish the SECs case. 20-CV-10832. For the amici: John Deaton of the Deaton Law Firm, (CORRECTION: A previous version of this story said XRP was created in 2013. Initially, in the memorandum of the law, Attorney John Deaton argued in favor of XRP. 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. "Feel proud. I believe we have reached a turning point in the fight against the Securities and Exchange Commissions unfair and abusive treatment of XRP holders in its lawsuit against Ripple. The SEC's enforcement actions on cryptocurrencies have involved the appearance of improprieties and conflicts of interest among officials, and should be investigated. After overwhelming demand in the reply section, Brakey addressed Deaton. 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. The SEC sued the San Francisco-based company and its current and former chief executives in December, alleging they have been conducting a $1.3 billion unregistered securities offering since the token's creation. 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 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 petition that Coinbase filed in 2022. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. All quotes delayed a minimum of 15 minutes. 27 Apr 2023 16:48:42 By Dean Seal (October 4, 2021, 6:43 PM EDT) -- A New York federal judge ruled Monday that purchasers of Ripple Labs Inc.'s signature digital asset, XRP, could not intervene in the company's closely watched legal battle with the U.S. Securities and Exchange Commission. U.S. District Court for the Southern District of New York, Access to case data within articles (numbers, filings, courts, nature of suit, and more. He also touched upon the impact of the banking crisis and the global implications it had. 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. 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.