BTC PULSE
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
Play Now
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Regulation

XRP Lawyer John Deaton Advocates as Amicus Curiae in LBRY Lawsuit

by Dan K
Sep 15, 2023 - 11:27 am
in Regulation
John Deaton addressing the press regarding his role as amicus curiae in the LBRY lawsuit.

Deaton Joins LBRY Lawsuit as Amicus Curiae

In a significant development, John Deaton, the lawyer representing numerous XRP token holders in the Ripple-SEC lawsuit, has extended his advocacy in the crypto space. On September 14, 2023, Deaton formally noted his appearance as an Amicus Curiae in the ongoing LBRY lawsuit, representing Naomi Brockwell, the founder of Crypto Law.

A Firm Commitment to the Crypto Space

Upon his submission, Deaton expressed his resolute stance on the case, vowing to fiercely advocate for the crypto community in the legal battle. His commitment is well echoed in his post on X (formerly Twitter), where he affirmed, “Win, lose, or draw, we will be in the fight!”

Naomi Brockwell and Crypto Law

Working in collaboration with Deaton, Naomi Brockwell stands as a significant figure in the crypto community. She is the founder of Crypto Law, a notable platform providing updates on the various legal and regulatory landscapes evolving in the cryptocurrency space in the US.

Background on the LBRY Legal Entanglements

In March 2021, the SEC initiated legal proceedings against LBRY, accusing the company of an unlawful sale of LBC tokens without the necessary registration with the agency, a clear violation according to the federal law. This legal action set the stage for a rigorous legal battle between crypto firms and the regulatory agency.

Challenging the Ruling

After a judgment against LBRY in July 2023, the firm took a bold step on September 7, to file an appeal in a bid to challenge the ruling which barred it from future unregistered crypto asset securities offerings and imposed a civil penalty.

Implications for the XRP Lawsuit

The unfolding of the LBRY lawsuit bears substantial significance for the cryptocurrency space, notably drawing parallels with the XRP lawsuit. Despite a favorable summary judgment for Ripple in July 2023, where it was determined that the sale of XRP tokens did not equate to securities, the LBRY case could potentially influence regulatory stances on cryptocurrency.

A Defining Moment for Cryptocurrency Regulations

As the LBRY case proceeds, it is more than just a lawsuit; it is a defining moment that will potentially shape the legal frameworks and regulations governing cryptocurrencies in the United States. It embodies the ceaseless efforts and dedication of advocates like John Deaton, aiming to secure a favorable legal climate for cryptocurrency enthusiasts and investors.

Tags: LawsuitRegulationXRP
Dan K

Dan K

Dan K, the chief editor, is a visionary wordsmith, shaping narratives with finesse. His discerning eye for detail creates literary masterpieces.

Related Posts

Roberto Campos Neto stands at a podium, speaking to parliamentary officials about new crypto regulations.

Brazil’s Central Bank Clamps Down on Crypto: New Regulations on the Horizon

September 28, 2023

Brazil's central bank signals tighter crypto regulations following a significant increase in cryptocurrency adoption and potential associated risks.

Binance logo with a backdrop of a dimming euro symbol, representing the ongoing European debanking issues.

Binance Faces European Debanking: Asks Paysafe Users to Switch from Euros to USDT

September 28, 2023

Crypto exchange Binance instructs its Paysafe users to convert euros to Tether by October's end after recent disruptions...

Do Kwon, Terraform Labs Co-founder, facing the challenges posed by the SEC.

SEC’s Extradition Request “Impossible,” Says Terraform Labs Co-founder Do Kwon

September 28, 2023

Terraform Labs' co-founder Do Kwon's lawyers challenge the SEC's request for U.S. questioning, citing "impossible" conditions and due...

Brian Armstrong, CEO of Coinbase, speaking about Chase UK's recent crypto restrictions.

Coinbase’s Brian Armstrong Calls Out Chase UK for Restricting Crypto Transactions

September 27, 2023

Brian Armstrong, CEO of Coinbase, condemns Chase UK's crypto restrictions, suggesting United Kingdom crypto users reconsider their banking...

Press Releases

David Ferrucci next to the Elemental Cognition brand emblem.

BM Watson’s Lead Developer Secures $60M for New AI Venture, Elemental Cognition

August 18, 2023

David Ferrucci, has raised a remarkable $60M for his AI startup. The company brings forward two pioneering chatbot solutions designed...

pulse5

Amsterdam Gets with the Dutch Blockchain Days the Biggest Event of the Benelux in the Field of Blockchain, Crypto Currencies, NFTs and Other Web3 Developments

May 8, 2023

Discover the future of blockchain, crypto, NFTs, and Web3 at Dutch Blockchain Days, the largest event in Benelux.

pulse4

Korea Blockchain Week 2023 Set to Push the Boundaries after Record-Breaking 2022 Event

May 8, 2023

Korea Blockchain Week 2023 returns after a highly successful 2022 event, featuring leading experts and the latest trends in blockchain...

pulse3

Istanbul Will Be Hosting Eurasia’s Largest Blockchain Event Once again on May 8–11, 2023

May 8, 2023

Join Eurasia's largest blockchain event, the Blockchain Economy Istanbul Summit, May 8-11, 2023, and discover the future of financial technology.

View All
BTC-Pulse LogoTransparent

© 2023 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

©2023 BTC-PULSE – All right Reserved.

No Result
View All Result
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise