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Attorney John Deaton Marching Into Court to Represent Over 67,000 XRP Holders: Details

Attorney John Deaton, the famous lawyer who has been pushing for Ripple’s victory against the U.S. SEC, has recently filed a motion for amici status that will grant him the means to represent over 67,000 XRP holders in the ongoing legal tussle.

According to the recent update shared on Twitter by James K. Filan, a defense lawyer and former federal prosecutor, John Deaton is seeking permission from the Judge to file a brief on behalf of the teeming XRP investors who have been vastly affected by the lawsuit.

Read Also: Ripple Partners with an International Money Transfer Firm to Use XRP for Cross Border Payments

The update says that John Deaton wants to respond to a report from one of the SEC’s experts, Patrick B. Doody, who claims to know what motivated XRP holders into buying the digital asset during the 2013 Initial Coin Offering (ICO).

James K. Filan tweeted, “Amici request permission to file brief regarding SEC expert who claims to know motivation of XRP holders when purchasing XRP. Amici also seek access to expert’s report and deposition testimony.”

Meanwhile, attorney John Deaton and other crypto and legal experts had slammed Doody for giving false testimony in the court. They claimed that the SEC’s expert never had any conversation with any XRP investor before jumping to such a conclusion.

According to Deaton, had it been he truly engaged any XRP investor, he would have known that the ongoing lawsuit is majorly affecting the value of the embattled digital currency.

Read Also: Legal Expert Says a Breach of Ethics Could Mark SEC’s End in Lawsuit against Ripple. Here’s why

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Reacting to the recent development, Jeremy Hogan, a lawyer who has shown his support for Ripple and XRP since the lawsuit began in December 2020, said:

“John Deaton is marching into Court! The SEC wants an “expert” witness to give testimony about what XRP holders were thinking when they bought XRP. Deaton represents 67k ACTUAL XRP HOLDERS and wants to present what they were ACTUALLY thinking. SO of course, the SEC opposes it.”


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Solomon Odunayo
Solomon Odunayo
Solomon Odunayo is a cryptocurrency journalist with over 3 years of experience in the crypto industry. He's sternly interested in covering developments of emerging and established blockchain projects.
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