Three Strikes Analysis - Rose Institute Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. 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. "My daughter is an example of an XRP Holder who had never heard of Ripple's founders created XRP in 2012. The XRP tokenholders sought to intervene in March, saying they were de facto defendants in the case and wanted to protect their interests. Which one of these outcomes do you think is the most plausible one for the Ripple vs SEC lawsuit? 20-CV-10832. Deaton detailed a series of actions, events, and conflicts to diminish the SECs case. 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. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Pro-XRP lawyer John Deaton has explained how Coinbase has solid grounds and how the crypto industry will eventually triumph in the court. We believe in quality over quantity, representing the most severely injured and suffering. John Deaton, Managing Partner of the Deaton Law Firm, founded his law practice in 2006. But conflicts of interests dont get in the way at the SEC." Already a subscriber? 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. John E Deaton (@JohnEDeaton1) / Twitter You can register to testify for L.D. The law firm serves clients throughout Rhode Island, New England, and the surrounding areas, as well as national clients. Deaton has discussed his opinions on every possible outcome. 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. 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. 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 said that this would make a huge difference since there would be a massive exhibit with hundreds of thousands of pages. UNITED STATES DISTRICT COURT FOR THE DISTRICT OF The lawyer represented XRP holders as an amicus curiae last year and continues to follow the case closely. 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. At the heart of the SECs case against Ripple, a dispute over legal advice. John Deaton XRP-Supporting Lawyer John Deaton Asked To Testify in Maine in SEC targets XRP holders, Attorney John E. Deaton claims He spoke at a public hearing at the Maine Financial Services Committee on Tuesday. Bitcoin Price Prediction: BTC's Roller Coaster Ride - Recovering After an 8% Drop, Will It Reach 30K Today? 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. Although sealed, it has been filed as ECF 655-1-26. For the amici: John Deaton of the Deaton Law Firm, (CORRECTION: A previous version of this story said XRP was created in 2013. John Deaton Archives - CryptoLaw The fourth situation is that if no one wins, the case will be sent to the jury for comments and eventual determination. Deaton 29 Apr 2023 17:00:14 But conflicts of interests dont get in the way at the SEC. WebJanice Deaton is a criminal defense attorney with over 30 years experience. 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. Please see our Privacy Policy. Lawyer 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.. Lawyer John Deaton Rhode Island: (401) 351-6400 Toll Free Nationwide: (877) 351-9818 Email: all-deaton@deatonlawfirm.com. 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 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. 5 Best Crypto To Buy Now 26 April. 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. 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. "Feel proud. Lawyer John Deaton According to attorney Deaton, he purchased his first XRP coins in 2016 due to the assets use for cross-border payments and settlements. 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 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. In , 2023 CoinMarketCap. WebThe career criminal sentencing law known as Three Strikes and Youre Out was enacted in California in 1994. Scams Crypto101 HodlX According to Deaton, the law is on the side of the US crypto exchange. Much of Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. 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. Password (at least 8 characters required). ), Create custom alerts for specific article and case topics and, I took a free trial but didn't get a verification email. 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. Maine Attorney Deaton realizes the importance of knowing his clients and their loved ones. 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 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 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. Crypto Expert Says Banking Crisis Just Starting; Heres Why Ive read the Coinbase Writ. https://www.crypto-law.us/the-ethereum-free-pass-fair-notice-and-the-fight-ahead/. Elena is an expert in technical analysis and risk management in cryptocurrency market. Maine Senator Eric Brakey says he will be presenting L.D. 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. Bitcoin Price Tumbles To Near $28K Ahead Of FOMC Meeting! He had seven years of active duty, at which time he was a federal prosecutor and criminal defense attorney. Judge in Ripple cryptocurrency case wants token holders' views Mar 2006 - Present17 years 2 months. Attorney Deaton files for intervention Fax: (401) 351-6401. Ripple and the executives have denied the allegations, and the company has argued that XRP has traded and been used as a digital currency. 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 E Deaton (@JohnEDeaton1) March 31, 2023. But you cant ignore both facts and the law. They are able to give each client individual attention, and get to know every single persons case thoroughly. 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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 Law360 provides the intelligence you need to remain an expert and beat the competition. 29 Apr 2023 17:00:14 Interestingly, as of today, there are now over 70,000 XRP holders who have joined Deatons class action against the SEC. WebJohn Deaton of the Deaton Law Firm, an asbestos litigation firm based in Rhode Island, represents the proposed intervenors including his daughter, Jordan.
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