Renowned Crypto Lawyer Offers to Testify at Congressional Hearing
John Deaton, a well-known crypto lawyer, has expressed his willingness to testify at a congressional hearing on cryptocurrencies scheduled for January 10. Deaton took to X (formerly Twitter) to offer his services in representing the interests of individual token holders at the hearing. The hearing, organized by the Digital Assets, Financial Technology, and Inclusion Subcommittee of the House Financial Services Committee, will focus on the impact of the Financial Stability Oversight Council’s regulatory framework in the crypto space.
Deaton’s Background and Advocacy Work
Deaton is best known for his role as amicus counsel for over 75,000 XRP holders in the Ripple-SEC lawsuit. He has also filed a formal notice of appearance as an Amicus Curiae in the LBRY lawsuit. Additionally, Deaton has challenged SEC chair Gary Gensler’s stance on investor protection and is advocating for a Congressional subpoena for Gensler and the SEC for their lack of compliance. He has urged Senators Elizabeth Warren and Sherrod Brown to carry out their oversight responsibilities.
XRP Community Support
The XRP community has shown significant support for Deaton’s offer to testify. Members of the community have urged the chair of the House Financial Services Committee, Patrick McHenry, to respond quickly and allow Deaton’s participation in the hearing.
Hot Take: John Deaton’s Volunteering Amplifies Voices of Token Holders
Renowned crypto lawyer John Deaton’s volunteering to testify at a congressional hearing on cryptocurrencies is a significant development that amplifies the voices of individual token holders. With his extensive experience representing XRP holders in high-profile lawsuits against regulatory bodies like the SEC, Deaton brings valuable expertise and insights to the hearing. By offering to testify, Deaton aims to represent the interests of token holders and shed light on issues related to investor protection and regulatory compliance. The support from the XRP community further underscores the importance of having a representative who can effectively advocate for their concerns and provide informed perspectives in the congressional hearing.
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