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Commenting on why Ripples attorneys have chosen not to sue Hinman, attorney John Deaton, a lawyer representing 65,000 XRP holders, noted that 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. Share article on social media or email: View article via: And they call it: Decentralized Justice.". Attorney Deaton realizes the importance of knowing his clients and their loved ones. 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.. 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. Every new development in this case is highly anticipated. The lawyer represented XRP holders as an amicus curiae last year and continues to follow the case closely. WebProfessional Experience. Your voices are being heard. "Exhibit 167 is broken into 26 parts. WebCOURT OF APPEALS SECOND DISTRICT OF TEXAS FORT WORTH NO. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. 28 Apr 2023 19:28:32 Torres denied the XRP holders' bid to intervene as a class in the case, which she said would cause undue delay. The case is being closely watched by attorneys in the crypto space, as regulators continue to grapple with how to regulate the asset class. He said that this would make a huge difference since there would be a massive exhibit with hundreds of thousands of pages. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. 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. 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. For the amici: John Deaton of the Deaton Law Firm, (CORRECTION: A previous version of this story said XRP was created in 2013. 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. Interestingly, as of today, there are now over 70,000 XRP holders who have joined Deatons class action against the SEC. The Deaton Law Firm is small, but gets the results of a larger firm. 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. Deaton stated, Ripple has agreed that they would settle the case before. Prior to establishing DLF, John worked for a Mesothelioma is a form of rare and deadly cancer that results from years of exposure to asbestos. John Deaton will serve as your trial attorney. #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. According to Deaton, the law is on the side of the US crypto exchange. Russia To Use Evil Cryptocurrency For Foreign Trade; Heres Why. The industry leader for online information for tax, accounting and finance professionals. 70,100 as of now. 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. All trademarks and copyrights on this page belong to their respective owners. 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 firm litigates matters relating to asbestos exposure, toxic tort injuries, medical malpractice, and catastrophic personal injuries. John earned the rank of Major and was awarded the Meritorious Service Medal and Navy Marine Corps Commendation Medal. Prior to establishing this law firm in Rhode Island, John Deaton was in the United States Marine Corp. "We were all granted amicus status today!" The third possible conclusion, according to Deaton, is that the SEC wins outright. 990 to the Maine Financial Services Committee on April 4th. Bitcoin Price Prediction: BTC's Roller Coaster Ride - Recovering After an 8% Drop, Will It Reach 30K 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. WebThe career criminal sentencing law known as Three Strikes and Youre Out was enacted in California in 1994. Password (at least 8 characters required). East Providence, RI Mesothelioma Attorneys. 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. #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 All rights reserved, Published on April 04, 2023 15:48 GMT+00:00. 02-16-00188-CV JOHN E. DEATON AND DEATON LAW FIRM, L.L.C. Does this Mesothelioma Lawyer listing belong to you or your company? You can register to testify for L.D. "There is no recourse, there is no consequence to those that brought this lawsuit. Mar 2006 - Present17 years 2 months. I am the owner of the Deaton Law Firm, which specializes in representing mesothelioma victims who were exposed to Deaton supported his assertion by mentioning four instances where different judges found the SECs arguments to be meritless. He spoke at a public hearing at the Maine Financial Services Committee on Tuesday. ), SEC loses bid for Ripple legal docs in $1.38 billion XRP battle The SECs pursuit of a policy objective isnt about a faithful allegiance to the law. The firm is dedicated to representing clients wrongfully injured by asbestos companies, pharmaceutical companies, and chemical companies. 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. 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 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 SEC has sued some digital token issuers for selling unlicensed securities, while other assets such as Bitcoin and ether have avoided the label. 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 (@JohnEDeaton1) March 31, 2023. Its understandable for one to believe many of these tokens have been offered and sold as securities at some point. [{"url":"https:\/\/cryptonews.com\/news\/best-crypto-to-buy.htm","name":"Best crypto to buy now","children":[]}], Crypto Lawyer John Deaton Praises XRP Holders For Efforts During Ripple Lawsuit Find Out What He Said, Top Bridgewater Executive Joins Crypto Investment Management Firm BlockTower Capital, Chinas WeChat to Allow More In-app CBDC Payments Digital Yuan Pilot Accelerates, Hong Kong Regulators Set to Reveal Crypto Exchange License Guidelines in May. 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. 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. 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. When you have a massive exhibit w/hundreds thousands of pages, the system cant handle all as one exhibit and must be broken up. ), Create custom alerts for specific article and case topics and, I took a free trial but didn't get a verification email. 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 Deaton Law Firm routinely pursues matters against multi-billion dollar corporations. By John E. Deaton, Founder and Host, CryptoLaw. Prior to founding the Deaton Law Firm, Attorney John Deaton practiced law at a national litigation firm. Ripple and XRP Altcoins John Deaton, Managing Partner of the Deaton Law Firm, founded his law practice in 2006. 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. By Nicholas Say March 16, 2021. 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. Maine Senator Eric Brakey says he will be presenting L.D. 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 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. 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. The truth is the SEC does not have clean hands and has not and is not honoring its mission to protect investors. See here for a complete list of exchanges and delays. The outcome of the Ripple v. SEC litigation, which is soon to be decided, has everyone on the edge of their seats. The SEC had argued against letting the token holders act as amici and present evidence. "My outrage has grown as the litigation has unfolded," he said. For a free consultation and more information about your legal options, please contact us today. In , 2023 CoinMarketCap. Industry Announcements, ABOUT US | EDITORIAL POLICY | PRIVACY POLICY Russia To Use Evil Cryptocurrency For Foreign Trade; Heres Why. 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. Initially, in the memorandum of the law, Attorney John Deaton argued in favor of XRP. In 2013, 2017, and 2018, Ms. Deaton was recognized as Top Lawyer in San Diego, by San 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. 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. 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? John E Deaton @JohnEDeaton1 Founder of Crypto-Law.us and Managing Partner of the Deaton Law Firm; Bitcoin; ETH, XRP; Blockchain enthusiast; lawyer; Follow us on Twitter, Facebook and Telegram 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. Is Massive Correction On The Horizon. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena. Today, we have a fresh update for you. But you cant ignore both facts and the law. 29 Apr 2023 17:00:14 Deaton has discussed his opinions on every possible outcome. In mid-October, Ripple Labs CEO Brad Garlinghouseexpressed his "outrage"at the SEC over the years-long lawsuit against Ripple. 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.. Check Price Action Also Read: PayPals Crypto Push: Over 60 Million Venmo Users Can Now Transfer Crypto, Hence, what started with Silvergate is now seen similarly with the First Republic Bank. 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Read on. 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. 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. Deaton wrote on Twitter, where the ruling was celebrated by cryptocurrency enthusiasts. Copyright 2017 Deaton Law Firm, 450 N Broadway, East Providence, RI 02914 "Feel proud. 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 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 Garlinghouse also noted there would be no "regard" for those affected by the SCE's actions, drawing attention to the agency's blatant lack of concern for individuals and companies that have been hurt by its harsh approach. Jody Godoy reports on banking and securities law. In the legal profession, information is the key to success. APPELLANTS V. MARGARET MORENO AND LAW OFFICES OF STEVEN M. JOHNSON APPELLEES -----FROM THE 48TH DISTRICT COURT OF TARRANT COUNTY TRIAL COURT NO. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. An incorrect link to a court document has also been replaced. 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. 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 added that, as of now, there are 440 exhibits filed under seal. He claimed that in the Ripple lawsuit, the judge shamed the SEC for not having a faithful allegiance to the law. "My daughter is an example of an XRP Holder who had never heard of He and his qualified staff of professionals are motivated by a passionate desire to give personal and detailed attention to clients and their families. Although sealed, it has been filed as ECF 655-1-26. Already a subscriber? 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. 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. 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. 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. But conflicts of interests dont get in the way at the SEC." 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. Ferez-vous la mme chose? John E. Deaton, the lawyer representing XRP holders in the motion, says he also has notified the Securities and Exchange According to attorney Deaton, he purchased his first XRP coins in 2016 due to the assets use for cross-border payments and settlements. The stonewalling must end if there can be any faith in the markets and in government oversight. A quick 3min read about today's crypto news! Honors: Magna Cum Laude, Our Deaton Law Firm family is committed to finding justice for yours. 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. Maine Senator Eric Brakey says he will be presenting L.D. The case is SEC v. Ripple Labs Inc, U.S. District Court, Southern District of New York, No. 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). 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. The law firm serves clients throughout Rhode Island, New England, and the surrounding areas, as well as national clients. 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. 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 Maine According to Deaton, Genslers views imply that the SEC might find grounds for a crackdown on cryptocurrencies in various circumstances. The Deaton Law Firm strives to seek justice for victims and families. 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 Coinpedia - Trusted Crypto Agency for News, Information, Exchange, PR, Blockchain Events, Crypto Wallet and Else related to Decentralized World. 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. 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 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. Pro-XRP lawyer John Deaton has explained how Coinbase has solid grounds and how the crypto industry will eventually triumph in the court. 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. Anita Jains practice focuses on litigation in the areas of real property, title, mechanics liens, complex business commercial disputes, and civil appeals. 990 here. The law doubled the minimum sentence for serious or violent felons He brings the same dedication he had in the Marine Corps to his practice as a Rhode Island Mesothelioma attorney.