{"id":156456,"date":"2023-09-15T13:58:27","date_gmt":"2023-09-15T08:28:27","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=156456"},"modified":"2023-09-15T13:58:27","modified_gmt":"2023-09-15T08:28:27","slug":"xrp-lawyer-john-deaton-joins-lbry-case-as-amicus-curiae-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/xrp-lawyer-john-deaton-joins-lbry-case-as-amicus-curiae-crypto-news\/","title":{"rendered":"XRP lawyer John Deaton joins LBRY case as amicus curiae – Crypto News"},"content":{"rendered":"
\n

Lawyer John Deaton, who represents numerous XRP<\/a> token holders in the Ripple- Securities Exchange Commission (SEC) lawsuit, has formally submitted his notice of appearance as an Amicus Curiae in the LBRY lawsuit.\u00a0<\/p>\n

According to a document submitted<\/a> on Sept. 14, 2023, to the United States Court of Appeals for the First Circuit, Deaton has officially submitted his Notice of Appearance on behalf of Amicus Curiae Naomi Brockwell.<\/p>\n

Referring to his submission, Deaton\u00a0said<\/a>\u00a0in a post on X (formerly known as Twitter),<\/p>\n

\u201cWin, lose, or draw, we will be in the fight!\u201d<\/p><\/blockquote>\n

Notably, Naomi Brockwell serves as the founder of Crypto Law, a platform dedicated to offering insights and updates on legal and regulatory developments related to cryptocurrencies in the United States, in collaboration with Deaton. <\/p>\n

The lawyer is known for his advocacy for the rights of cryptocurrency investors and his active engagements in legal proceedings and discussions surrounding cryptocurrency regulations and legal actions.<\/p>\n

In March 2021, the United States SEC initiated a legal action against LBRY<\/a>, alleging that the company unlawfully sold LBC tokens without registering with the agency, as required by law.<\/p>\n

On Sept. 7, LBRY filed<\/a> a notice of appeal to the United States Court of Appeals for the First Circuit, seeking to challenge the final judgment<\/a> entered on July 11 that ordered LBRY to pay a civil penalty and barred it from participating in unregistered offerings of crypto asset securities in the future.<\/p>\n

In July 2023, the United States District Court for the District of New Hampshire issued the final judgment in the US SEC vs. LBRY lawsuit<\/a>. The ruling said that LBRY was liable for violating Section 5 of the Securities Act of 1933.<\/p>\n

Related: <\/em><\/strong>SEC\u2019s Gary Gensler to hold firm on crypto enforcement in Senate hearing<\/em><\/strong><\/a><\/p>\n

The outcome of the LBRY case was seen as having potential implications for the XRP lawsuit. However, on July 14, 2023, U.S. District Judge Analisa Torres issued a summary judgment in Ripple’s favor<\/a>, determining that the sale of XRP tokens to retail buyers did not constitute securities.<\/p>\n

Magazine: <\/em><\/strong>Crypto regulation \u2014 Does SEC Chair Gary Gensler have the final say?<\/em><\/strong><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Lawyer John Deaton, who represents numerous XRP token holders in the Ripple- Securities Exchange Commission (SEC) lawsuit, has formally submitted his notice of appearance as an Amicus Curiae in the LBRY lawsuit.\u00a0 According to a document submitted on Sept. 14, 2023, to the United States Court of Appeals for the First Circuit, Deaton has officially […]<\/p>\n","protected":false},"author":2,"featured_media":156457,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-156456","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/156456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=156456"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/156456\/revisions"}],"predecessor-version":[{"id":156459,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/156456\/revisions\/156459"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/156457"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=156456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=156456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=156456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}