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Maine Senator Eric Brakey says he will be presenting L.D. He has also interviewed a few prominent experts within the cryptocurrency space. According to Deaton, Genslers views imply that the SEC might find grounds for a crackdown on cryptocurrencies in various circumstances. John E. Deaton filed a motion to intervene in the Ripple case against the SEC yesterday on behalf of 6,000 XRP investors to date. This comes amid reports that the banks seizure would soon be initiated by the Federal Deposit Insurance Corporation. Regulator claims XRP token is unregistered security, Tokenholders granted amicus status to offer legal views. 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).. The case is being closely watched by attorneys in the crypto space, as regulators continue to grapple with how to regulate the asset class. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. 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 Initially, in the memorandum of the law, Attorney John Deaton argued in favor of XRP. Honors: Magna Cum Laude, Our Deaton Law Firm family is committed to finding justice for yours. He understands that each client has special and unique personal and professional experiences each of which impacts the very nature of each legal matter pursued. 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 By limiting the number of cases, we can provide personal attention, comprehensive case work-up, expedited trial dates, and maximum financial compensation. East Providence, RI Mesothelioma Attorneys. Check Price Action 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 The lawyer also criticized the SECs stance that crypto projects must seek contact with the authority but ultimately do not receive resilient legal information. 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. 5 Best Crypto To Buy Now 26 April. 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. Russia To Use Evil Cryptocurrency For Foreign Trade; Heres Why. It was created in 2012. 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 990 to the Maine Financial Services Committee on April 4th. He and his qualified staff of professionals are motivated by a passionate desire to give personal and detailed attention to clients and their families. 3 Top Game-changing Cryptos Redefining Industries RenderToken (RNDR), Lukso (LYXE) and Collateral Network (COLT). 990 to the Maine Financial Services Committee on April 4th. Ripple and XRP Altcoins The third possible conclusion, according to Deaton, is that the SEC wins outright. The outcome of the Ripple v. SEC litigation, which is soon to be decided, has everyone on the edge of their seats. In order to ensure that justice is served during this time of medical crisis, a mesothelioma lawyer should be hired. He said that this would make a huge difference since there would be a massive exhibit with hundreds of thousands of pages. Scams Crypto101 HodlX Your voices are being heard. 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. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. The Deaton Law Firm routinely pursues matters against multi-billion dollar corporations. The truth is the SEC does not have clean hands and has not and is not honoring its mission to protect investors. ), Create custom alerts for specific article and case topics and, I took a free trial but didn't get a verification email. He also touched upon the impact of the banking crisis and the global implications it had. 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 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. 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. 20-CV-10832. 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 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. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. 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. 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. According to attorney Deaton, he purchased his first XRP coins in 2016 due to the assets use for cross-border payments and settlements. 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. 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. When you have a massive exhibit w/hundreds thousands of pages, the system cant handle all as one exhibit and must be broken up. Deaton went on to explain that the final proofreading could be ongoing or that the Judge could be in the proofreading stage. 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.. 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. At time of writing, Deaton hasnt officially confirmed whether he will appear to testify, but he told Brakey that he would get in touch with him to discuss further. 27 Apr 2023 16:48:42 Does this Mesothelioma Lawyer listing belong to you or your company? The Deaton Law Firm is small, but gets the results of a larger 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. 29 Apr 2023 17:00:14 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. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Ferez-vous la mme chose? (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. Rhode Island: (401) 351-6400 Toll Free Nationwide: (877) 351-9818 Email: all-deaton@deatonlawfirm.com. 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. 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. Deaton has discussed his opinions on every possible outcome. 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. At the heart of the SECs case against Ripple, a dispute over legal advice. 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. 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. 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. Deaton then discussed his predictions for the result of the lawsuit, suggesting that the SEC would probably lose in one of four scenarios against Ripple. John earned the rank of Major and was awarded the Meritorious Service Medal and Navy Marine Corps Commendation Medal. 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. All rights reserved, Published on April 04, 2023 15:48 GMT+00:00. But conflicts of interests dont get in the way at the SEC. 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. 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. 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. However, Garlinghouse has claimed that the SEC's lawsuit was a show of power rather than a legitimate attempt to enforce the law. Surf The Daily Hodl Mix, Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology, Bitcoin Ethereum Trading Because the disease takes years to be discovered, individuals may not be aware that they have it, or even what caused it. "Feel proud. 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 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. 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. 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. 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. Maine The case is SEC v. Ripple Labs Inc, U.S. District Court, Southern District of New York, No. Today, we have a fresh update for you. Torres denied the XRP holders' bid to intervene as a class in the case, which she said would cause undue delay. But you cant ignore both facts and the law. WebThe career criminal sentencing law known as Three Strikes and Youre Out was enacted in California in 1994. 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. Already a subscriber? Prior to establishing DLF, John worked for a 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. And they call it: Decentralized Justice.". 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. See here for a complete list of exchanges and delays. 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 most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. "We were all granted amicus status today!" 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 For the amici: John Deaton of the Deaton Law Firm, (CORRECTION: A previous version of this story said XRP was created in 2013. An incorrect link to a court document has also been replaced. The industry leader for online information for tax, accounting and finance professionals. All trademarks and copyrights on this page belong to their respective owners. Industry Announcements, ABOUT US | EDITORIAL POLICY | PRIVACY POLICY 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. The SECs pursuit of a policy objective isnt about a faithful allegiance to the law. They are able to give each client individual attention, and get to know every single persons case thoroughly. Every new development in this case is highly anticipated. John E Deaton @JohnEDeaton1 Founder of Crypto-Law.us and Managing Partner of the Deaton Law Firm; Bitcoin; ETH, XRP; Blockchain enthusiast; lawyer; WebDeaton Law Firm. The SEC's enforcement actions on cryptocurrencies have involved the appearance of improprieties and conflicts of interest among officials, and should be investigated. WebProfessional Experience. 02-16-00188-CV JOHN E. DEATON AND DEATON LAW FIRM, L.L.C. 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). In , 2023 CoinMarketCap. After overwhelming demand in the reply section, Brakey addressed Deaton. 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.. If the motion is approved by Judge Torres, XRP holders will be able to appear as third-party defendants in the lawsuit. Pro-XRP lawyer John Deaton has explained how Coinbase has solid grounds and how the crypto industry will eventually triumph in the court. La personne qui a lanc cette ptition a dcid d'agir. Please see our Privacy Policy. Deaton supported his assertion by mentioning four instances where different judges found the SECs arguments to be meritless. The law doubled the minimum sentence for serious or violent felons According to attorney Deaton, he purchased his first XRP coins in 2016 due to the assets use for cross-border payments and settlements. Our Standards: The Thomson Reuters Trust Principles. He claimed that in the Ripple lawsuit, the judge shamed the SEC for not having a faithful allegiance to the law. 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