John Deaton, an advocate for XRP, is strongly determined to join Coinbase in their ongoing legal struggle. By doing so, he aims to amplify the voices of cryptocurrency users and investors, shedding light on the important matters at hand.
Deaton, well-known for his criticism towards SEC’s approach to regulating cryptocurrencies, strongly supports the role of courts in shedding light on the complex regulatory landscape.
On Friday, Coinbase applied for the right to appeal an ongoing case directly to the 2nd Circuit Court of Appeals. Due to Congress’ inability to effectively pass laws and @GaryGensler’s questionable regulatory actions driven by a political agenda, Coinbase seeks clarification on regulations through this appeal process.
— John E Deaton (@JohnEDeaton1) April 15, 2024
He had previously been involved in the Ripple and LBRY legal matters, which made him known for strongly supporting cryptocurrency freedoms. In fact, not only is he a defendant, but he also takes an aggressive stance in contesting regulatory structures.
Does John Deaton, who is running for a seat in the U.S. Senate and previously acted as an advisor in the Ripple and LBRY cases at court, intend to participate in the ongoing legal proceedings against Coinbase? I’ll be speaking with him soon to find out.
— Eleanor Terrett (@EleanorTerrett) April 15, 2024
Focusing on the Coinbase case, his actions suggest a deliberate plan: He’s filed an amicus curiae brief with the Massachusetts US Court of Appeals. This move is connected to his ambition of eventually unseating Elizabeth Warren and claiming her Senate seat.
Deaton sets up a platform where Coinbase users can voice their worries regarding the SEC’s decisions. This demonstrates not just his commitment to advocating for the larger crypto community, but also his willingness to listen to the unique perspectives of each individual.
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2024-04-17 01:40