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 WebThe career criminal sentencing law known as Three Strikes and Youre Out was enacted in California in 1994. 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. 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. Attorney John E. Deaton has asserted that judges would be forced to draw attention to perceived lack of allegiance to the law, overreach, and inconsistent statements from the United States Securities and Exchange Commission (SEC) in its crypto enforcement actions. 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. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. 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. 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 Password (at least 8 characters required). He spoke at a public hearing at the Maine Financial Services Committee on Tuesday. Torres denied the XRP holders' bid to intervene as a class in the case, which she said would cause undue delay. 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. Ripple's founders created XRP in 2012. 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.. 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. You can register to testify for L.D. Its understandable for one to believe many of these tokens have been offered and sold as securities at some point. Law360 provides the intelligence you need to remain an expert and beat the competition. The firm litigates matters relating to asbestos exposure, toxic tort injuries, medical malpractice, and catastrophic personal injuries. WebThe XRP holders, represented by Deaton's father, John Deaton, said in their March motion to intervene that they stood to lose billions of dollars from the SEC suit alleging that The case is SEC v. Ripple Labs Inc, U.S. District Court, Southern District of New York, No. The Deaton Law Firm strives to seek justice for victims and families. Deaton has discussed his opinions on every possible outcome. Already a subscriber? He and his qualified staff of professionals are motivated by a passionate desire to give personal and detailed attention to clients and their families. Prior to establishing this law firm in Rhode Island, John Deaton was in the United States Marine Corp. John E Deaton (@JohnEDeaton1) / Twitter "We were all granted amicus status today!" Lawyer John Deaton WebDeaton Law Firm. He said that this would make a huge difference since there would be a massive exhibit with hundreds of thousands of pages. 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. 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. The firm is dedicated to representing clients wrongfully injured by asbestos companies, pharmaceutical companies, and chemical companies. 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). 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. 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.. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. 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 If the motion is approved by Judge Torres, XRP holders will be able to appear as third-party defendants in the lawsuit. Bitcoin Price Prediction: BTC's Roller Coaster Ride - Recovering After an 8% Drop, Will It Reach 30K Today? Maine 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. Attorney Deatons Push for Justice Meanwhile, attorney Deaton is determined to get justice for XRP victims of the SEC lawsuit, and the process has continued to gain momentum. Three Strikes Analysis - Rose Institute "There is no recourse, there is no consequence to those that brought this lawsuit. For a free consultation and more information about your legal options, please contact us today. The SECs pursuit of a policy objective isnt about a faithful allegiance to the law. 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 Torres ruled they will only be allowed to make legal arguments on issues such as whether the case should be dismissed. 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. 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. 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. Pro-XRP lawyer John Deaton has explained how Coinbase has solid grounds and how the crypto industry will eventually triumph in the court. Your voices are being heard. 990 to the Maine Financial Services Committee on April 4th. Law Journal: New England Journal of Criminal and Civil Confinement Eastern Michigan University, 1989 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. John earned the rank of Major and was awarded the Meritorious Service Medal and Navy Marine Corps Commendation Medal. (Reuters) - A group of individuals who own digital tokens associated with Ripple Labs Inc can offer their "meaningful perspective" in the U.S. Securities and Exchange Commission's case accusing the company of violating securities law, a Manhattan federal judge ruled on Monday. Crypto Expert Says Banking Crisis Just Starting; Heres Why John Deaton, a prominent highly-respected attorney closely monitoring the U.S. SECs lawsuit against FinTech firm Ripple, has shared his thoughts on why XRPUSDT and ETHUSDT should not be considered securities.. Deaton, Managing Partner of Deaton Law Firm, is the founder of CryptoLaw, a website focusing on U.S. legal and regulatory 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). 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. 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. 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. 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 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. XRP-Supporting Lawyer John Deaton Asked To Testify in Maine in Our Standards: The Thomson Reuters Trust Principles. The SEC under Gary Gensler has refused to address these troubling questions, resisted Freedom of Information Act (FOIA) requests and ignored media reports. 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The SEC sued Ripple in late 2020 under allegations that the company sold XRP as an unregistered security. John Pro-XRP lawyer John Deaton has explained how Coinbase has solid grounds and how the crypto industry will eventually triumph in the court. They are able to give each client individual attention, and get to know every single persons case thoroughly. lawyer John Deaton Share article on social media or email: View article via: A quick 3min read about today's crypto news! 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. 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Copyright 2017 Deaton Law Firm, 450 N Broadway, East Providence, RI 02914 He also touched upon the impact of the banking crisis and the global implications it had. CryptoLaw | U.S. Legal and Regulatory News for Digital Asset Holders He brings the same dedication he had in the Marine Corps to his practice as a Rhode Island Mesothelioma attorney. Rhode Island: (401) 351-6400 Toll Free Nationwide: (877) 351-9818 Email: all-deaton@deatonlawfirm.com. "Exhibit 167 is broken into 26 parts. XRP Lawyer In Maine Public Hearing: Bitcoin Is Not Its about power.". 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. John Deaton 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. Deaton went on to explain that the final proofreading could be ongoing or that the Judge could be in the proofreading stage. Follow us on Twitter, Facebook and Telegram John Lawyer Crypto lawyer and XRP supporter John Deaton is giving his take on when Ripples legal tussle with the U.S. Securities and Exchange Commission (SEC) could end.. Lawyer The SEC has sued some digital token issuers for selling unlicensed securities, while other assets such as Bitcoin and ether have avoided the label. The Ripple v. SEC Saga Continues as XRP Holders Join The Lawsuit lawyer John Deaton Anita Jains practice focuses on litigation in the areas of real property, title, mechanics liens, complex business commercial disputes, and civil appeals. East Providence, RI Mesothelioma Attorneys. 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. 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