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Tag: Attorney John Deaton

Ripple vs. SEC: Battle Lines Drawn as Crypto Community Reacts to Latest Hearing
18Jan By CryptolifedigitalNo Comments
XRP News

Ripple vs. SEC: Battle Lines Drawn as Crypto Community Reacts to Latest Hearing

The cryptocurrency world is buzzing with commentary on the recent Coinbase hearing, where the SEC's remarks reignited the Ripple lawsuit battleground. SEC Criticizes Torres Ruling In a tweet highlighting the hearing, journalist Eleanor Terrett reported the SEC criticizing Judge Torres's decision in the Ripple case. The crux of the criticism boils down to the judge's distinction between Ripple's programmatic sales on exchanges (not deemed securities) and institutional sales (deemed securities). The SEC argues that regardless of investor sophistication, buying the same token should fall under the same securities laws. Read Also: Bullish Signs Spark on XRP Chart: Potential for a Price Rally in the Making? https://twitter.com/EleanorTerrett/status/1747661376967819721 Deaton Weighs I...
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Pro-XRP Lawyer Predicts SEC’s “Biggest Defeat” in Legal Battle with Coinbase
5Oct By OLAJIDE SAMUELNo Comments
Ripple News

Pro-XRP Lawyer Predicts SEC’s “Biggest Defeat” in Legal Battle with Coinbase

John Deaton, a prominent legal advocate for XRP, has stirred the cryptocurrency community with his belief that the U.S. Securities and Exchange Commission (SEC) is on the brink of suffering a significant legal setback, this time in its ongoing legal battle with Coinbase, a major cryptocurrency exchange. Deaton's comments came as a response to a post by Coinbase's Chief Legal Officer, Paul Grewal, who expressed frustration with the SEC's recent filing in the case. Grewal pointed out what he saw as a lack of legal citations in the SEC's opposition and challenged the regulator's claims. Read Also: XRP Community Speculates on $130 Price Target Amid Ripple vs. SEC Saga https://twitter.com/JohnEDeaton1/status/1709400471813656989 He argued that the assets listed on Coinbase's platform...
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Ripple’s In-Principle Approval in Singapore Sparks Discussion on XRP’s Price Reaction and SEC’s Claims
23Jun By OLAJIDE SAMUELNo Comments
XRP News

Ripple’s In-Principle Approval in Singapore Sparks Discussion on XRP’s Price Reaction and SEC’s Claims

Ripple, a prominent blockchain company, recently secured In-Principle approval from the Monetary Authority of Singapore (MAS), a significant milestone for the firm. The news has generated various discussions among industry experts, including John E. Deaton, a pro-XRP lawyer, who shared his thoughts on the development. Deaton Says XRP's Price Reaction Follows Bitcoin's Attorney Deaton expressed that the approval from MAS is noteworthy since only a limited number of companies, fewer than 20, have obtained such a license in Singapore. He emphasized that while the utilization of XRP is expected with this license, the coin's price did not respond significantly to the news. Deaton pointed out that XRP has been following the price movements of Bitcoin and the overall market, instead of reacting...
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Garlinghouse Slams Critics Of XRP, Accusing Them Of Being Ignorant Of Security Laws.
10May By OLAJIDE SAMUELNo Comments
XRP News

Garlinghouse Slams Critics Of XRP, Accusing Them Of Being Ignorant Of Security Laws.

Ripple CEO Brad Garlinghouse has come to the defence of XRP, the digital currency that his company is closely associated with, against allegations that it is a security. In a recent conversation with entrepreneur Jason Calacanis, Garlinghouse slammed critics of XRP and accused them of being ignorant of security laws. https://twitter.com/bgarlinghouse/status/1655991719387594770 Garlinghouse Slams XRP Critics Calacanis had suggested that XRP was a security, which would subject it to regulation by the Securities and Exchange Commission (SEC) in the US. However, Garlinghouse strongly disagreed with this assessment, arguing that there is no framework in the US to register digital assets such as XRP. Read Also: Terra Classic (LUNC) Proposes To Upgrade Its Network to Version 2.0.1 Garl...
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Deaton Predicts Another Date For The Termination Of The Battle Between Ripple And SEC.
8Apr By OLAJIDE SAMUELNo Comments
Ripple News

Deaton Predicts Another Date For The Termination Of The Battle Between Ripple And SEC.

According to recent reports, there is a possibility that the Ripple vs. SEC summary judgment could come before May 6, 2023. This information was shared by lawyer and XRP supporter, John Deaton, who analyzed the timeline of Judge Sarah Netburn's recent ruling in the case. Deaton Predicts Termination Date For Battle SEC And Ripple In an interview with Thinking Crypto, attorney Deaton, representing thousands of XRP holders in the lawsuit, speculates that Judge Torres’ ruling might come on or before May 6.  Read Also: Terraport's First-ever LUNC Burn Accounts For 100M Terra classic “[…] There was a case where it [summary judgment] was two weeks between. And then there was a case when it was 30 days between, and then there was a case when it was 60 days, right? So what I’ve been telling...
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Attorney Deaton Tags XRP As The Most Resilient Cryptocurrency, Saying Nuclear War Couldn’t Kill It
3Apr By CryptolifedigitalNo Comments
XRP News

Attorney Deaton Tags XRP As The Most Resilient Cryptocurrency, Saying Nuclear War Couldn’t Kill It

In a recent statement, economist  Deaton praised XRP as the most resilient cryptocurrency, stating that even a nuclear war couldn't kill it. Deaton's comments come in response to the recent surge in the value of XRP, which has been on a steady upward trend over the past few weeks. According to Deaton, XRP's resilience is due to its unique design, which allows it to function independently of the traditional banking system. Unlike other cryptocurrencies, which rely on a decentralized network of nodes to validate transactions, XRP uses a centralized network to process payments. Deaton Responds To CoinDesk's Statement, Saying Nuclear War Couldn't Kill XRP Deaton’s response came to the most recent CoinDesk coverage of the XRP on its CoinDesk TV platform featuring Emily Parker, Executive Di...
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Deaton And Some Other Analysts Tag XRP As An Attractive Investment. Here’s Why
27Mar By OLAJIDE SAMUELNo Comments
XRP News

Deaton And Some Other Analysts Tag XRP As An Attractive Investment. Here’s Why

In a recent update on Twitter, renowned economist Angus Deaton has tagged XRP as an attractive investment at current prices. Deaton, who is a Nobel laureate and Professor Emeritus at Princeton University, has been closely following the cryptocurrency market and has identified XRP as a potential winner. John Deaton Gives Some Necessary Analyses On XRP, Saying XRP Is An Attractive Investment According to the CryptoLaw founder, the asset has an attractive risk-to-reward potential in light of the impending ruling on so-called summary judgment. The ruling is expected in the next few weeks. It could even come this week, Deaton said. The attorney believes there is not much downside in XRP price if Ripple loses as the firm would appeal as they have alluded to, and we would maintain the status qu...
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Gary Gensler’s Failure To Investigate Sequoia Could End His Tenure Deaton Says. What Is Your Opinion?
27Feb By CryptolifedigitalNo Comments
Ripple News

Gary Gensler’s Failure To Investigate Sequoia Could End His Tenure Deaton Says. What Is Your Opinion?

Attorney Deaton told the Ripple community that the failure of the United States Commission to investigate questionable Chinese investments by Sequoia Capital could be the end of the SEC’s Gary Gensler. Gary Gensler Fails To Investigate Sequoia In his recent tweet, John Deaton noted that Sequoia was also an FTX investor. It came in response to a thread by Brian Costello, a technology executive with a background in international finance. Costello, in his line, calls out Congress for playing a role in allowing China to become a more significant threat to U.S. national security by turning a blind eye to the reluctance of the Gensler-led SEC to investigate firms like Sequoia. Read Also: Bone Shibaswap Unique Wallet Now Surpasses 76,000 https://twitter.com/JohnEDeaton1/status/1629...
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