John Deaton, an advocate for XRP, is strongly committed to joining Coinbase’s ongoing court case. This action demonstrates his firm belief in amplifying the power of cryptocurrency owners and investors by shedding light on the relevant matters at hand.
Deaton, well-known for his criticism towards the SEC’s approach to regulating cryptocurrencies, strongly believes that the courts should play a role in shedding light on regulatory matters by intervening in the process.
Does John Deaton, a U.S. Senate candidate, intend to participate in the ongoing case with Coinbase? Given his past role as an amicus counsel in the Ripple and LBRY cases, it’s a valid query. I’ll be speaking with John this week to clarify this point.
— Eleanor Terrett (@EleanorTerrett) April 15, 2024
He has been an advocate for cryptocurrency freedoms due to his past work on the Ripple and LBRY legal matters. Not only is he being sued in this case, but he also proactively pushes back against existing regulatory structures.
In the spotlight due to his role in the Coinbase case, it appears that his actions are deliberate. He has chosen to file an amicus curiae brief with the Massachusetts Court of Appeals. This move aligns with his ambition to eventually replace Elizabeth Warren as the Senator from Massachusetts.
On Friday, Coinbase asked the 2nd Circuit Court of Appeals for permission to file an interlocutory appeal. Due to Congress’ ineffectiveness and @GaryGensler’s allegedly biased regulation driven by a political agenda, Coinbase aims to seek regulatory clarity through this legal process.
— John E Deaton (@JohnEDeaton1) April 15, 2024
Deaton sets up a platform where Coinbase users can voice their worries about the SEC’s moves. This demonstrates that his priorities extend beyond just advocating for the crypto community as a whole, but also listening to the unique perspectives of each individual.
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2024-04-17 02:13