Pro-XRP advocate John Deaton has reaffirmed his to customers of the exchange Coinbase by formally to serve as a friend of the court in the exchange’s legal clash with the United States and Exchange (SEC).
In a filing dated April 19 submitted to the United States District Court for the Southern District of New York, Deaton sought to represent a cohort of 4,701 Coinbase customers as amicus counsel in the ongoing lawsuit initiated in June 2023.
Asserting his standing in the court, the filing stated, “I am admitted or otherwise to practice in this court and I appear in this case as counsel for 4,701 Coinbase Customers.”
During an engaging podcast interview with Fox Business Eleanor Terrett on April 18, Deaton his rationale behind championing the cause of Coinbase customers, his aim to safeguard the of ordinary seeking to amass modest wealth in their lives.
“This isn’t solely about the realm of; rather, it’s about the essence of liberty. It’s about upward social mobility, those who yearn for equitable to enhance their financial standing. They aren’t merely seeking opulent riches; they’re far from being stereotypical crypto,” he.
This transpired following Coinbase’s filing of an interlocutory appeal in response to the court’s recent denial of its motion to dismiss the entire lawsuit instigated by the SEC.
The crux of the interlocutory appeal hinges upon the pivotal query of whether an contract necessitates a element, elucidated Coinbase’s chief legal officer, Paul Grewal.
Deaton has been at the forefront of extending legal support to the crypto community, having filed numerous requests to serve as amicus counsel over the preceding years. Noteworthy among these was his in the LBRY v SEC lawsuit in September 2023.
However, his most prominent was witnessed in 2021 when he lodged an amicus brief on behalf of over 6,000 XRP holders amidst the legal tussle between the SEC and Ripple Labs.
In recent, Deaton has embarked on a political campaign vying for a Senate position, with his sights set on unseating the incumbent crypto skeptic Senator Elizabeth Warren.
According to a report by Cointelegraph on April 15, Deaton emerged as the financial frontrunner in the first quarter of this year, outstripping Senator Warren by raising $1.36 million compared to her $1.09 million in funds.
This comes on the heels of Deaton’s to his 324,100 Twitter followers that he injected $500,000 into his Senate bid, while urging his to an $500,000.
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