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. John E. Deaton, the lawyer representing XRP holders in the motion, says he also has notified the Securities and Exchange For the amici: John Deaton of the Deaton Law Firm, (CORRECTION: A previous version of this story said XRP was created in 2013. Deaton 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. 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. Commenting on why Ripples attorneys have chosen not to sue Hinman, attorney John Deaton, a lawyer representing 65,000 XRP holders, noted that And they call it: Decentralized Justice.". Today, we have a fresh update for you. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Try our Advanced Search for more refined results. Deaton wrote on Twitter, where the ruling was celebrated by cryptocurrency enthusiasts. Follow us on Twitter, Facebook and Telegram 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. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. 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. John Deaton - Managing Partner - Deaton Law Firm | LinkedIn 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. Attorney Deaton realizes the importance of knowing his clients and their loved ones. He had seven years of active duty, at which time he was a federal prosecutor and criminal defense attorney. Law Journal: New England Journal of Criminal and Civil Confinement Eastern Michigan University, 1989 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). 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 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. 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. Deaton detailed a series of actions, events, and conflicts to diminish the SECs case. 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 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. 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.. Copyright 2017 Deaton Law Firm, 450 N Broadway, East Providence, RI 02914 Coinpedia - Trusted Crypto Agency for News, Information, Exchange, PR, Blockchain Events, Crypto Wallet and Else related to Decentralized World. He spoke at a public hearing at the Maine Financial Services Committee on Tuesday. Attorney Deaton files for intervention He said that this would make a huge difference since there would be a massive exhibit with hundreds of thousands of pages. Similarly, XRPs use case would , 2023 CoinMarketCap. John Deaton ), SEC loses bid for Ripple legal docs in $1.38 billion XRP battle 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. John E Deaton @JohnEDeaton1 Founder of Crypto-Law.us and Managing Partner of the Deaton Law Firm; Bitcoin; ETH, XRP; Blockchain enthusiast; lawyer; Lawyer 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. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. 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 explained how Coinbase has solid grounds and how the crypto industry will eventually triumph in the court. Our Standards: The Thomson Reuters Trust Principles. 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 WebThe career criminal sentencing law known as Three Strikes and Youre Out was enacted in California in 1994. 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 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 Interestingly, as of today, there are now over 70,000 XRP holders who have joined Deatons class action against the SEC. The stonewalling must end if there can be any faith in the markets and in government oversight. 29 Apr 2023 17:00:14 The Deaton Law Firm routinely pursues matters against multi-billion dollar corporations. 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. Prior to establishing DLF, John worked for a East Providence Rhode Island Mesothelioma Lawyers, Providence Rhode Island Mesothelioma Attorneys, New Bedford Massachusetts Mesothelioma Law Firms, Wellesley Massachusetts Mesothelioma Lawyers, Quincy Massachusetts Mesothelioma Attorneys. 27 Apr 2023 16:48:42 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. He brings the same dedication he had in the Marine Corps to his practice as a Rhode Island Mesothelioma attorney. The lawyer also criticized the SECs stance that crypto projects must seek contact with the authority but ultimately do not receive resilient legal information. The SECs pursuit of a policy objective isnt about a faithful allegiance to the law. Exclusive news, data and analytics for financial market professionals, Law firms and corporate law departments find strategic partners in ALSPs, US regulation after SVBs collapse: What regulators can do and where Congress needs to act, Ransomware & crypto: The growing compliance challenge, Insights in Action: Corporate law departments find their outside firms innovation lagging, but there may be little incentive to change, SEC loses bid for Ripple legal docs in $1.38 billion XRP battle, At the heart of the SECs case against Ripple, a dispute over legal advice, American Airlines pilots authorize a strike mandate, Regulators seize First Republic Bank, sell assets to JPMorgan, Exclusive: Subway comes up with debt plan to clinch $10 billion-plus sale, JPMorgan's takeover of First Republic fuels M&A expectations. Gary Gensler, the head of the U.S. Securities and Exchange Commission, recently testified before the House Finance Committee, revealing his understanding of regulatory duty. Coinpedia - Trusted Crypto Agency for News, Information, Exchange, PR, Blockchain Events, Crypto Wallet and Else related to Decentralized World. According to attorney Deaton, he purchased his first XRP coins in 2016 due to the assets use for cross-border payments and settlements. It was created in 2012. 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. 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 The firm litigates matters relating to asbestos exposure, toxic tort injuries, medical malpractice, and catastrophic personal injuries. Maine Senator Eric Brakey says he will be presenting L.D. 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. Crypto Expert Says Banking Crisis Just Starting; Heres Why Prior to establishing this law firm in Rhode Island, John Deaton was in the United States Marine Corp. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. 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. XRP-Supporting Lawyer John Deaton Asked To Testify in Maine in Read on. 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.. 5 Best Crypto To Buy Now 26 April. All quotes delayed a minimum of 15 minutes. Jody Godoy reports on banking and securities law. Fax: (401) 351-6401. Deaton has discussed his opinions on every possible outcome. Ripple's founders created XRP in 2012. If youre diagnosed with mesothelioma, contact the Rhode Island mesothelioma attorneys at the Deaton Law Firm. Three Strikes Analysis - Rose Institute 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. John earned the rank of Major and was awarded the Meritorious Service Medal and Navy Marine Corps Commendation Medal. 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 Deaton stated, Ripple has agreed that they would settle the case before. 20-CV-10832. When you have a massive exhibit w/hundreds thousands of pages, the system cant handle all as one exhibit and must be broken up. By John E. Deaton, Founder and Host, CryptoLaw. Futuremash 02-16-00188-CV JOHN E. DEATON AND DEATON LAW FIRM, L.L.C. The SEC sued Ripple in late 2020 under allegations that the company sold XRP as an unregistered security. He and his qualified staff of professionals are motivated by a passionate desire to give personal and detailed attention to clients and their families. 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. Qadir Ak is the founder of Coinpedia. XRP Holders are Seeking intervention in the SEC's Lawsuit Against The Deaton Law Firm strives to seek justice for victims and families. The third possible conclusion, according to Deaton, is that the SEC wins outright. Crypto Lawyer John Deaton Praises XRP Holders For Efforts During "My daughter is an example of an XRP Holder who had never heard of "There is no recourse, there is no consequence to those that brought this lawsuit. CryptoLaw | U.S. Legal and Regulatory News for Digital Asset Holders Lawyer Much of He added that, as of now, there are 440 exhibits filed under seal. Lawyer John Deaton 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. The industry leader for online information for tax, accounting and finance professionals. 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. Torres ruled they will only be allowed to make legal arguments on issues such as whether the case should be dismissed. 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). Coinbase Will Win Lawsuit Against SEC, Predicts Pro-XRP Lawyer 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 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. John E Deaton (@JohnEDeaton1) / Twitter 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. 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. John Deaton All trademarks and copyrights on this page belong to their respective owners. 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. 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. Deaton Law Firm is located at 450 North Broadway in East Providence, RI 02914; (401) 351-6400; http://www.deatonlawfirm.com. The lawyer represented XRP holders as an amicus curiae last year and continues to follow the case closely. 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. A quick 3min read about today's crypto news! The Deaton Law Firm can help you navigate the legal landscape when filing a claim. The Deaton Law Firm - Mesothelioma Lawyers Lawyer lawyer John Deaton John XRP Holders Can't Intervene In SEC's Ripple Suit - Law360 Crypto Expert Says Banking Crisis Just Starting; Heres Why John E Deaton (@JohnEDeaton1) March 31, 2023. 990 to the Maine Financial Services Committee on April 4th. "My outrage has grown as the litigation has unfolded," he said. Rhode Island: (401) 351-6400 Toll Free Nationwide: (877) 351-9818 Email: all-deaton@deatonlawfirm.com. Because the disease takes years to be discovered, individuals may not be aware that they have it, or even what caused it. ATTORNEY JOHN DEATON WANTS THE 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. 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. 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 SEC's enforcement actions on cryptocurrencies have involved the appearance of improprieties and conflicts of interest among officials, and should be investigated. 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. John You have to know whats happening with clients, competitors, practice areas, and industries. Attorney and XRP supporter John Deaton is optimistic that Coinbase will prevail in its lawsuit against the U.S. Securities and Exchange Commission (SEC).. John Deaton, Managing Partner of the Deaton Law Firm, founded his law practice in 2006. Regulator claims XRP token is unregistered security, Tokenholders granted amicus status to offer legal views. lawyer John Deaton ANITA JAIN MDJA Law They are able to give each client individual attention, and get to know every single persons case thoroughly. 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 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. Elena is an expert in technical analysis and risk management in cryptocurrency market. Does this Mesothelioma Lawyer listing belong to you or your company? 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. 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. Lawyer John Deaton UNITED STATES DISTRICT COURT FOR THE DISTRICT OF Its understandable for one to believe many of these tokens have been offered and sold as securities at some point.