XRP Lawyer Joins LBRY Case
Attorney John Deaton, who is representing XRP token holders in the Ripple lawsuit against the SEC, has filed a notice of appearance on behalf of an Amicus Curiae in the LBRY lawsuit. The SEC had sued LBRY in March 2021, alleging that the company violated the law by selling LBC tokens without registering with the agency.
Notice of Appearance Filed
In a filing with the US Court of Appeals for the First Circuit, attorney Deaton has submitted his Notice of Appearance on behalf of Amicus Curiae Naomi Brockwell. Deaton expressed his commitment to the case, stating, “Win, lose or draw, we will be in the fight!”
LBRY Case Ruling and XRP Lawsuit
The final judgment in the LBRY case was issued by the United States District Court for the District of New Hampshire in July 2023. The court found LBRY liable for violating Section 5 of the Securities Act of 1933. Many believed that this ruling could impact the XRP lawsuit. However, U.S. District Judge Analisa Torres ruled in favor of Ripple on July 14, 2023, stating that XRP sales to retail buyers were not securities.
Hot Take: Ripple Lawyer Expands Involvement
Attorney John Deaton, known for representing XRP token holders in the Ripple lawsuit against the SEC, has now joined the LBRY case as an Amicus Curiae. This move showcases Deaton’s dedication to fighting for fair treatment and regulatory clarity in the crypto space. The LBRY case ruling was previously seen as having potential implications for the XRP lawsuit; however, Judge Analisa Torres’ decision favored Ripple. Deaton’s involvement in the LBRY case suggests that he is actively seeking to contribute to legal battles that impact the cryptocurrency industry as a whole.
By
By
By
By
By