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John E Deaton Takes on SEC Deaton, who has been actively vocal in defending the rights of crypto investors, took to Twitter to share the news of the growing number of individuals joining his cause against SEC in XRP Lawsuit. At the time of his announcement, the count stood near 3,000 Coinbase customers willing to serve as amici. advertisement And just like that we are at 3135. People are tied of the SEC’s type of protection. – John E. Deaton, July 18, 2023 Deaton’s efforts gained further traction when CoinGape reported that Gary Gensler, the SEC Chairman, expressed disappointment regarding the judge’s ruling, specifically concerning the impact on retail investors in the XRP case. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read ...

John Deaton’s Take on the New Lawsuit According to Deaton, the new Class Action is the least of Ripple’s worries. He said the Plaintiff’s lawyers should be full of prayers that the SEC lose the more significant case against the company. He believes that a win for the SEC may not turn out well for the claimants as it is the regulator that “would be the one to collect the money and set up a fund to pay XRP holders thus, gutting this class action.” advertisement The crypto law expert said that should Ripple claim victory over the SEC, the Class Action may turn out simpler as “the judge is likely to follow Judge Torres’ decision.” John Deaton remains the top voice for more than 75,000 XRP holders worldwide and he remains one good source to get clarifications from per the status of the lawsuit. When asked by a Twitter user how the Class Action will impact XRP holders in the UK, Deaton noted that the push for global ...

In the challenge, John Deaton said he wants the SEC to “cite a single case in the 76yrs since Howey was decided that says: 1) the underlying asset used in an investment contract is itself a SEC urity; or 2) the subsequent sales of an investment contract are also SEC urities b/c of the first sale.” advertisement Hey Gary, @SECEnfDirector, how about you cite a single case in the 76yrs since Howey was decided that says: 1) the underlying asset used in an investment contract is itself a security; or 2) the subsequent sales of an investment contract are also securities b/c of the first sale. — John E Deaton (@JohnEDeaton1) April 28, 2023 Trending Stories Top 3 Memecoins To Buy In This Dip; Dogecoin, Shiba Inu, Floki Price Analysis 24/7 Cryptocurrency News Planning To Buy Dip? Top 5 Cryptocurrencies Testing Key Support 24/7 Cryptocurrency News Rising Supply Pressure Traps XRP Price In Narrow Consolidati...