Deaton wrote on Twitter, where the ruling was celebrated by cryptocurrency enthusiasts. He also touched upon the impact of the banking crisis and the global implications it had. 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. WebDeaton Law Firm. 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 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 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. By John E. Deaton, Founder and Host, CryptoLaw. He and his qualified staff of professionals are motivated by a passionate desire to give personal and detailed attention to clients and their families. According to Deaton, Genslers views imply that the SEC might find grounds for a crackdown on cryptocurrencies in various circumstances. 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. 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 He brings the same dedication he had in the Marine Corps to his practice as a Rhode Island Mesothelioma attorney. 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, 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 Address:450 N BroadwayEast Providence, RI 2914Phone: 401-351-6400Fax: 401-351-6401Toll Free: 877-351-9818, Service Areas:East Providence, Rhode Island, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, D.C., Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Mexico, New Jersey, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming, Mesothelioma Lawyers in New Bedford Massachusetts, Massachusetts Mesothelioma Lawyers in Wellesley, Quincy Massachusetts Mesothelioma Law Firm, Quincy Massachusetts Mesothelioma Lawyers, Massachusetts Mesothelioma Law Firm in Boston, Mesothelioma Law Firm in Boston Massachusetts. 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. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. 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. 3 Top Game-changing Cryptos Redefining Industries RenderToken (RNDR), Lukso (LYXE) and Collateral Network (COLT). 02-16-00188-CV JOHN E. DEATON AND DEATON LAW FIRM, L.L.C. According to attorney Deaton, he purchased his first XRP coins in 2016 due to the assets use for cross-border payments and settlements. 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. He has also interviewed a few prominent experts within the cryptocurrency space. All quotes delayed a minimum of 15 minutes. By Nicholas Say March 16, 2021. 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 Prior to establishing this law firm in Rhode Island, John Deaton was in the United States Marine Corp. John E Deaton (@JohnEDeaton1) March 31, 2023. The SECs pursuit of a policy objective isnt about a faithful allegiance to the law. 990 here. The industry leader for online information for tax, accounting and finance professionals. Please see our Privacy Policy. He spoke at a public hearing at the Maine Financial Services Committee on Tuesday. 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. 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. The truth is the SEC does not have clean hands and has not and is not honoring its mission to protect investors. 28 Apr 2023 19:28:32 Deaton went on to explain that the final proofreading could be ongoing or that the Judge could be in the proofreading stage. But conflicts of interests dont get in the way at the SEC. 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. Fax: (401) 351-6401. Today, we have a fresh update for you. 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. 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). Deaton has discussed his opinions on every possible outcome. The lawyer also criticized the SECs stance that crypto projects must seek contact with the authority but ultimately do not receive resilient legal information. Follow us on Twitter, Facebook and Telegram Prior to founding the Deaton Law Firm, Attorney John Deaton practiced law at a national litigation firm. All trademarks and copyrights on this page belong to their respective owners. Reach her at jody.godoy@thomsonreuters.com. 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. Law360 provides the intelligence you need to remain an expert and beat the competition. Futuremash 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). Torres ruled they will only be allowed to make legal arguments on issues such as whether the case should be dismissed. Would you be able to testify this Tuesday morning to the first proposed cryptocurrency policy for Maine LD 990, Special Purpose Depository Institutions for Digital Assets.. Attorney Deaton realizes the importance of knowing his clients and their loved ones. Pro-XRP lawyer John Deaton has explained how Coinbase has solid grounds and how the crypto industry will eventually triumph in the court. The case is SEC v. Ripple Labs Inc, U.S. District Court, Southern District of New York, No. The law doubled the minimum sentence for serious or violent felons According to Deaton, the law is on the side of the US crypto exchange. For the amici: John Deaton of the Deaton Law Firm, (CORRECTION: A previous version of this story said XRP was created in 2013. (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. It was created in 2012. Regulator claims XRP token is unregistered security, Tokenholders granted amicus status to offer legal views. 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. 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. 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. 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 Deaton Law Firm routinely pursues matters against multi-billion dollar corporations. Maine Deaton detailed a series of actions, events, and conflicts to diminish the SECs case. Deaton has discussed his opinions on every possible outcome. Mesothelioma is a form of rare and deadly cancer that results from years of exposure to asbestos. 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 SEC had argued against letting the token holders act as amici and present evidence. The firm is dedicated to representing clients wrongfully injured by asbestos companies, pharmaceutical companies, and chemical companies. The Deaton Law Firm strives to seek justice for victims and families. 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 Is Massive Correction On The Horizon. 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. He claimed that in the Ripple lawsuit, the judge shamed the SEC for not having 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. The SEC's enforcement actions on cryptocurrencies have involved the appearance of improprieties and conflicts of interest among officials, and should be investigated. 20-CV-10832. At the heart of the SECs case against Ripple, a dispute over legal advice. John E. Deaton, the lawyer representing XRP holders in the motion, says he also has notified the Securities and Exchange But conflicts of interests dont get in the way at the SEC." Ripple and the executives have denied the allegations, and the company has argued that XRP has traded and been used as a digital currency. 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. Law360 takes your privacy seriously. "There is no recourse, there is no consequence to those that brought this lawsuit. 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. Ive read the Coinbase Writ. In , 2023 CoinMarketCap. The fourth situation is that if no one wins, the case will be sent to the jury for comments and eventual determination. Its understandable for one to believe many of these tokens have been offered and sold as securities at some point. The SEC sued Ripple in late 2020 under allegations that the company sold XRP as an unregistered security. 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Ripple's founders created XRP in 2012. The third possible conclusion, according to Deaton, is that the SEC wins outright. Anita Jains practice focuses on litigation in the areas of real property, title, mechanics liens, complex business commercial disputes, and civil appeals. Although sealed, it has been filed as ECF 655-1-26. Ferez-vous la mme chose? John Deaton, Managing Partner of the Deaton Law Firm, founded his law practice in 2006. The outcome of the Ripple v. SEC litigation, which is soon to be decided, has everyone on the edge of their seats. 5 Best Crypto To Buy Now 26 April. 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. 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. Looks like 3K XRP Holder Affidavits were submitted by Ripple," hesaidin a tweet. Qadir Ak is the founder of Coinpedia. 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. An incorrect link to a court document has also been replaced. John earned the rank of Major and was awarded the Meritorious Service Medal and Navy Marine Corps Commendation Medal. 29 Apr 2023 17:00:14 Deaton stated, Ripple has agreed that they would settle the case before. The XRP tokenholders sought to intervene in March, saying they were de facto defendants in the case and wanted to protect their interests. 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. 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. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Maine Senator Eric Brakey says he will be presenting L.D. 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. Surf The Daily Hodl Mix, Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology, Bitcoin Ethereum Trading 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. 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. 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. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. 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.. 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. "My outrage has grown as the litigation has unfolded," he said. Password (at least 8 characters required). 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. 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? 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. 27 Apr 2023 16:48:42 Blockchain Regulators Our Standards: The Thomson Reuters Trust Principles. You have to know whats happening with clients, competitors, practice areas, and industries. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena. 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.
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