Attorney John Deaton, the lawyer who represents the thousands of XRP token holders in the Ripple lawsuit against the U.S. Securities and Exchange Commission (SEC), has filed his notice of appearance on behalf of an Amicus Curiae in the LBRY lawsuit. The US SEC had in March 2021 filed a lawsuit against LBRY, claiming that the firm sold LBC tokens in violation of the law by failing to register with the agency.
Also Read: Bitcoin Rallies Over Deutsche Bank Crypto Custody Move; BTC To Break $26,800?
XRP Lawyer Files His Notice Of Appearance In LBRY Case
According to a filing dated September 14, 2023 with the US Court of Appeals for the First Circuit, attorney Deaton has filed his Notice of Appearance on behalf of Amicus Curiae Naomi Brockwell. The lawyer said on the occasion,
“Win, lose or draw, we will be in the fight!”
Interestingly, Naomi Brockwell is the founder of Crypto Law, a platform that provides news and analysis on crypto related U.S. legal and regulatory developments, along with Deaton. In July 2023, the United States District Court for the District of New Hampshire had issued the final judgment in the US SEC Vs LBRY lawsuit. The ruling said that LBRY was liable for violating Section 5 of the Securities Act of 1933.
It was perceived that the LBRY case ruling could have a bearing on the XRP lawsuit. However, U.S. District Judge Analisa Torres granted summary judgment in favor of Ripple on July 14, 2023. The judgment deemed the XRP token sale to retail buyers as not securities.
Also Read: Circle Launches Native USDC On NEAR Protocol
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source: https://coingape.com/breaking-xrp-lawyer-john-deaton-files-notice-of-appearance-in-lbry-case/
✓ Share: