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Renowned attorney John Deaton, widely recognized for his active involvement in cryptocurrency legal matters, has taken a significant step in the LBRY lawsuit. Deaton, representing many XRP token holders entangled in the Ripple-Securities Exchange Commission (SEC) lawsuit, has officially submitted his Notice of Appearance as an Amicus Curiae in the LBRY case.
Deaton’s Key Role in the LBRY Lawsuit
This pivotal development was recorded on September 14, 2023, through a formal submission to the United States Court of Appeals for the First Circuit. In this capacity, Deaton is representing Amicus Curiae Naomi Brockwell.
Deaton’s Unwavering Commitment
In a compelling statement shared on X (formerly Twitter), Deaton conveyed his unwavering dedication to the cause, asserting, “Win, lose, or draw, we will be in the fight!”
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Collaboration with Naomi Brockwell
It’s worth highlighting that Naomi Brockwell, the founder of Crypto Law, a platform committed to offering insights and real-time updates on the legal and regulatory landscape of cryptocurrencies in the United States, collaborates closely with Deaton.
Deaton’s Advocacy for Cryptocurrency Investors
John Deaton has garnered widespread acclaim for his relentless advocacy for the rights of cryptocurrency investors. His active participation in legal proceedings and substantial contributions to cryptocurrency regulation discussions have solidified his reputation in the field.
LBRY’s Bid for Appeal
On September 7, LBRY took a decisive step by filing a notice of appeal with the United States Court of Appeals for the First Circuit. This move was aimed at contesting the final judgment handed down on July 11, which had compelled LBRY to pay a civil penalty and placed constraints on its involvement in unregistered offerings of crypto asset securities.
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Final Judgment Against LBRY
In July 2023, the United States District Court for the District of New Hampshire delivered its verdict in the US SEC vs. LBRY lawsuit. The ruling found LBRY liable for violating Section 5 of the Securities Act 1933.
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