Its understandable for one to believe many of these tokens have been offered and sold as securities at some point. He also touched upon the impact of the banking crisis and the global implications it had. "There is no recourse, there is no consequence to those that brought this lawsuit. The firm litigates matters relating to asbestos exposure, toxic tort injuries, medical malpractice, and catastrophic personal injuries. 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 990 to the Maine Financial Services Committee on April 4th. Its about power.". We believe in quality over quantity, representing the most severely injured and suffering. According to Deaton, Genslers views imply that the SEC might find grounds for a crackdown on cryptocurrencies in various circumstances. 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 #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. All rights reserved, Published on April 29, 2023 05:20 GMT+00:00. 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. "My outrage has grown as the litigation has unfolded," he said. The Senator asked his Twitter following to point him in the direction of crypto or blockchain experts that could come in handy for testifying in favor of the bill to Maines regulators. 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 Prior to founding the Deaton Law Firm, Attorney John Deaton practiced law at a national litigation firm. 28 Apr 2023 19:28:32 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. 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). 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? 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. 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. 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. 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/. 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. 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 SEC's enforcement actions on cryptocurrencies have involved the appearance of improprieties and conflicts of interest among officials, and should be investigated. Please see our Privacy Policy. WebThe career criminal sentencing law known as Three Strikes and Youre Out was enacted in California in 1994. #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 28 Apr 2023 19:28:32 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. John E. Deaton, the lawyer representing XRP holders in the motion, says he also has notified the Securities and Exchange After overwhelming demand in the reply section, Brakey addressed Deaton. 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APPELLANTS V. MARGARET MORENO AND LAW OFFICES OF STEVEN M. JOHNSON APPELLEES -----FROM THE 48TH DISTRICT COURT OF TARRANT COUNTY TRIAL COURT NO. 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 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). 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. Russia To Use Evil Cryptocurrency For Foreign Trade; Heres Why. 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. 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. Attorney and XRP supporter John Deaton is optimistic that Coinbase will prevail in its lawsuit against the U.S. Securities and Exchange Commission (SEC).. An incorrect link to a court document has also been replaced. 02-16-00188-CV JOHN E. DEATON AND DEATON LAW FIRM, L.L.C. Jody Godoy reports on banking and securities law. For a free consultation and more information about your legal options, please contact us 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. According to Deaton, the law is on the side of the US crypto exchange. John Deaton will serve as your trial attorney. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. 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. 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 case is being closely watched by attorneys in the crypto space, as regulators continue to grapple with how to regulate the asset class. U.S. District Judge Analisa Torres wrote that the six holders of XRP, the world's seventh-largest cryptocurrency by market value, can offer opinions on certain legal questions in the lawsuit, which alleges the token is an unregistered security. The Deaton Law Firm strives to seek justice for victims and families. Ripple and XRP Altcoins 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. Deaton has discussed his opinions on every possible outcome. It was created in 2012. The truth is the SEC does not have clean hands and has not and is not honoring its mission to protect investors. The lawyer also criticized the SECs stance that crypto projects must seek contact with the authority but ultimately do not receive resilient legal information. Because the disease takes years to be discovered, individuals may not be aware that they have it, or even what caused it. Law360 provides the intelligence you need to remain an expert and beat the competition. Deaton Law Firm is located at 450 North Broadway in East Providence, RI 02914; (401) 351-6400; http://www.deatonlawfirm.com. Elena is an expert in technical analysis and risk management in cryptocurrency market. You have to know whats happening with clients, competitors, practice areas, and industries. He has also interviewed a few prominent experts within the cryptocurrency space. Your voices are being heard. See here for a complete list of exchanges and delays. Deaton supported his assertion by mentioning four instances where different judges found the SECs arguments to be meritless. 5 Best Crypto To Buy Now 26 April. 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. 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 (@JohnEDeaton1) March 31, 2023. All quotes delayed a minimum of 15 minutes. If youre diagnosed with mesothelioma, contact the Rhode Island mesothelioma attorneys at the Deaton Law Firm. Deaton detailed a series of actions, events, and conflicts to diminish the SECs case. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. 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.. 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 The case is SEC v. Ripple Labs Inc, U.S. District Court, Southern District of New York, No. 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. 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. If the motion is approved by Judge Torres, XRP holders will be able to appear as third-party defendants in the lawsuit. 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. The XRP tokenholders sought to intervene in March, saying they were de facto defendants in the case and wanted to protect their interests. WebJohn Deaton of the Deaton Law Firm, an asbestos litigation firm based in Rhode Island, represents the proposed intervenors including his daughter, Jordan. 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. 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 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. Honors: Magna Cum Laude, Our Deaton Law Firm family is committed to finding justice for yours. By Nicholas Say March 16, 2021. Every new development in this case is highly anticipated. "We were all granted amicus status today!" Check Price Action 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. 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. ), SEC loses bid for Ripple legal docs in $1.38 billion XRP battle
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