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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. UNITED STATES DISTRICT COURT FOR THE DISTRICT OF 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. 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. Lawyer The fourth situation is that if no one wins, the case will be sent to the jury for comments and eventual determination. All rights reserved, Published on April 29, 2023 05:20 GMT+00:00. 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. Torres denied the XRP holders' bid to intervene as a class in the case, which she said would cause undue delay. WebDeaton Law Firm. 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.. Ripple and XRP Altcoins 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. 20-CV-10832. Crypto Expert Says Banking Crisis Just Starting; Heres Why I am the owner of the Deaton Law Firm, which specializes in representing mesothelioma victims who were exposed to Ferez-vous la mme chose? Deaton stated, Ripple has agreed that they would settle the case before. 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. 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. 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 spoke at a public hearing at the Maine Financial Services Committee on Tuesday. "My outrage has grown as the litigation has unfolded," he said. The law doubled the minimum sentence for serious or violent felons The SEC had argued against letting the token holders act as amici and present evidence. 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. Lawyer John Deaton Industry Announcements, ABOUT US | EDITORIAL POLICY | PRIVACY POLICY According to Deaton, the law is on the side of the US crypto exchange. WebJohn Deaton of the Deaton Law Firm, an asbestos litigation firm based in Rhode Island, represents the proposed intervenors including his daughter, Jordan. Deaton went on to explain that the final proofreading could be ongoing or that the Judge could be in the proofreading stage. Interestingly, as of today, there are now over 70,000 XRP holders who have joined Deatons class action against the SEC. Which one of these outcomes do you think is the most plausible one for the Ripple vs SEC lawsuit? Deaton Reach her at jody.godoy@thomsonreuters.com. 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. The firm litigates matters relating to asbestos exposure, toxic tort injuries, medical malpractice, and catastrophic personal injuries. APPELLANTS V. MARGARET MORENO AND LAW OFFICES OF STEVEN M. JOHNSON APPELLEES -----FROM THE 48TH DISTRICT COURT OF TARRANT COUNTY TRIAL COURT NO. In mid-October, Ripple Labs CEO Brad Garlinghouseexpressed his "outrage"at the SEC over the years-long lawsuit against Ripple. "Exhibit 167 is broken into 26 parts. 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 said that this would make a huge difference since there would be a massive exhibit with hundreds of thousands of pages. Our Standards: The Thomson Reuters Trust Principles. The firm is dedicated to representing clients wrongfully injured by asbestos companies, pharmaceutical companies, and chemical companies. Deaton Law Firm is located at 450 North Broadway in East Providence, RI 02914; (401) 351-6400; http://www.deatonlawfirm.com. WebJanice Deaton is a criminal defense attorney with over 30 years experience. 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. Read on. Ive read the Coinbase Writ. The SEC under Gary Gensler has refused to address these troubling questions, resisted Freedom of Information Act (FOIA) requests and ignored media reports. Lawyer John Deaton Its understandable for one to believe many of these tokens have been offered and sold as securities at some point. Share article on social media or email: View article via: A quick 3min read about today's crypto news! 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. All trademarks and copyrights on this page belong to their respective owners. Deaton has discussed his opinions on every possible outcome. John Deaton, Managing Partner of the Deaton Law Firm, founded his law practice in 2006. 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. Elena is an expert in technical analysis and risk management in cryptocurrency market. They are able to give each client individual attention, and get to know every single persons case thoroughly. 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/. 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. When you have a massive exhibit w/hundreds thousands of pages, the system cant handle all as one exhibit and must be broken up. Lawyer Password (at least 8 characters required). lawyer John Deaton He and his qualified staff of professionals are motivated by a passionate desire to give personal and detailed attention to clients and their families. [{"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. Rhode Island: (401) 351-6400 Toll Free Nationwide: (877) 351-9818 Email: all-deaton@deatonlawfirm.com. The stonewalling must end if there can be any faith in the markets and in government oversight. Please see our Privacy Policy. CORRECTED: XRP holders seek to intervene in SEC's Ripple lawsuit But conflicts of interests dont get in the way at the SEC. Lawyer ATTORNEY JOHN DEATON WANTS THE 70,100 as of now. Similarly, XRPs use case would , 2023 CoinMarketCap. The law firm serves clients throughout Rhode Island, New England, and the surrounding areas, as well as national clients. John 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. The Deaton Law Firm strives to seek justice for victims and families. 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. And they call it: Decentralized Justice.". Lawyer John Deaton Today, we have a fresh update for you. 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. Crypto Lawyer John Deaton Praises XRP Holders For Efforts During 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. An incorrect link to a court document has also been replaced. 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. He had seven years of active duty, at which time he was a federal prosecutor and criminal defense attorney. 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. Coinpedia - Trusted Crypto Agency for News, Information, Exchange, PR, Blockchain Events, Crypto Wallet and Else related to Decentralized World. 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 He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. Deaton has discussed his opinions on every possible outcome. Prior to founding the Deaton Law Firm, Attorney John Deaton practiced law at a national litigation firm. 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. 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 PRWeb 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 Coinbase Will Win Lawsuit Against SEC, Predicts Pro-XRP Lawyer 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. However, Garlinghouse has claimed that the SEC's lawsuit was a show of power rather than a legitimate attempt to enforce the law. 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 28 Apr 2023 19:28:32 The SECs pursuit of a policy objective isnt about a faithful allegiance to the law. But conflicts of interests dont get in the way at the SEC." 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. Ripple's founders created XRP in 2012. Bitcoin Price Tumbles To Near $28K Ahead Of FOMC Meeting! Lawyer John Deaton Fax: (401) 351-6401. In , 2023 CoinMarketCap. Maine Senator Eric Brakey says he will be presenting L.D. Deaton supported his assertion by mentioning four instances where different judges found the SECs arguments to be meritless. 3 Top Game-changing Cryptos Redefining Industries RenderToken (RNDR), Lukso (LYXE) and Collateral Network (COLT). Attorney Deaton files for intervention 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. According to attorney Deaton, he purchased his first XRP coins in 2016 due to the assets use for cross-border payments and settlements. 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. Scams Crypto101 HodlX 27 Apr 2023 16:48:42 Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. 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 Pro-XRP lawyer John Deaton has explained how Coinbase has solid grounds and how the crypto industry will eventually triumph in the court.