{"id":182353,"date":"2023-10-27T20:57:14","date_gmt":"2023-10-27T15:27:14","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=182353"},"modified":"2023-10-27T20:57:14","modified_gmt":"2023-10-27T15:27:14","slug":"xrp-lawyer-unite-5k-user-for-amicus-curiae-in-coinbase-lawsuit-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/xrp-lawyer-unite-5k-user-for-amicus-curiae-in-coinbase-lawsuit-crypto-news\/","title":{"rendered":"XRP Lawyer Unite 5K User For Amicus Curiae In Coinbase Lawsuit – Crypto News"},"content":{"rendered":"

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Attorney John Deaton, who represents around 75,000 XRP holders in the Ripple lawsuit against the U.S. Securities and Exchange Commission (SEC), is gearing up for oral arguments on behalf of individual customers on January 17, 2024, when crypto exchange<\/a> Coinbase\u2019s motion for judgment comes before the court.<\/p>\n

Also Read: Ethereum Price Prediction: ETH Rally Hits Pause Ahead Of Imminent Dencun Upgrade Breakout<\/strong><\/a><\/p>\n

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XRP Lawyer To Repeat Ripple Like Amicus Curiae In Coinbase Lawsuit?<\/h2>\n

Earlier, CoinGape reported<\/a> that a federal judge approved Coinbase\u2019s motion for oral arguments against the U.S. SEC. The exchange argues that the transactions under question do not qualify as investment contracts and that staking services do not involve the investment of money, and digital assets cannot be seen as securities. The judge has set January 17, 2024 as the date for oral arguments in New York. At the core of the exchange\u2019s version is the claim that reasoning for digital tokens for consideration as securities are not applicable.<\/p>\n

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Following the SEC\u2019s filing of complaint against Coinbase<\/a> in June 2023, John Deaton had invited interested customers to come forward to join for an amicus curiae, seeking that their voice is heard. Over time, as many as 5,000 users joined the list for a potential amicus curiae in the lawsuit against the SEC. With the motion to dismiss scheduled for early 2024, consideration of the customers\u2019 amicus filing also comes to the spotlight. Deaton said<\/a>,<\/p>\n

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\u201cI have about 5,000 Coinbase customers who have joined to participate as potential amici curiae \u2013 if the case were to continue, either in District Court or on appeal.\u201d<\/p>\n

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Regulatory Gridlock<\/h2>\n

Recently, the exchange sought a legislative approach by United States lawmakers to put an end to the SEC\u2019s overreach, which is marked by enforcement only approach. Prior to the hearing of US SEC Chair Gary Gensler before the US Senate Banking Committee in September 2023, the Coinbase management called for<\/a> legislative resolution to avoid migration of digital asset innovation overseas.<\/p>\n

Also Read: Standard Chartered-Backed Zodia Markets Receives VASP License In Ireland<\/strong><\/a><\/p>\n

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Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1,200 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at anvesh@coingape.com or twitter.com\/BitcoinReddy or linkedin.com\/in\/anveshreddybtc\/ <\/p>\n<\/p><\/div>\n

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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.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

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–><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Attorney John Deaton, who represents around 75,000 XRP holders in the Ripple lawsuit against the U.S. Securities and Exchange Commission (SEC), is gearing up for oral arguments on behalf of individual customers on January 17, 2024, when crypto exchange Coinbase\u2019s motion for judgment comes before the court. Also Read: Ethereum Price Prediction: ETH Rally Hits […]<\/p>\n","protected":false},"author":2,"featured_media":182354,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-182353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/182353","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=182353"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/182353\/revisions"}],"predecessor-version":[{"id":182356,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/182353\/revisions\/182356"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/182354"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=182353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=182353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=182353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}