Intriguing Decision by XRP Lawyer in Coinbase vs. SEC Case
The decision by XRP holders’ legal representation, John Deaton, to not submit an amicus brief in the legal battle between Coinbase and the SEC has sparked speculation and interest within the crypto community.
Key Points:
- John Deaton, who represents over 4,200 XRP customers, strategically chose not to file an amicus brief in the ongoing legal tussle.
- Deaton believes that the lawsuit’s nature is a “Narrow Issue of Law,” which influenced his decision.
- He compared the XRP lawsuit with the Coinbase case and highlighted the different perspectives held by XRP holders and Ripple, the parent company.
- Deaton explained that filing an amicus brief in the Coinbase case would not provide significant value, as most Coinbase users likely share the platform’s viewpoint.
Hot Take:
John Deaton’s calculated decision not to file an amicus brief in the Coinbase vs. SEC case showcases his strategic approach to legal matters. By considering the specific nature of each case and the perspectives of the involved parties, Deaton aims to navigate the complex world of cryptocurrency litigation effectively.
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