Attorney John Deaton, the lawyer who represents the 1000’s of XRP token holders within the Ripple lawsuit towards the U.S. Securities and Exchange Commission (SEC), has filed his discover of look on behalf of an Amicus Curiae within the LBRY lawsuit. The US SEC had in March 2021 filed a lawsuit towards LBRY, claiming that the agency offered LBC tokens in violation of the regulation by failing to register with the company.
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XRP Lawyer Files His Notice Of Appearance In LBRY Case
According to a submitting dated September 14, 2023 with the US Court of Appeals for the First Circuit, lawyer Deaton has filed his Notice of Appearance on behalf of Amicus Curiae Naomi Brockwell. The lawyer said on the event,
“Win, lose or draw, we will be in the fight!”
Interestingly, Naomi Brockwell is the founder of Crypto Law, a platform that gives information and evaluation on crypto associated U.S. authorized and regulatory developments, together with Deaton. In July 2023, the United States District Court for the District of New Hampshire had issued the ultimate judgment within the US SEC Vs LBRY lawsuit. The ruling said that LBRY was answerable for violating Section 5 of the Securities Act of 1933.
It was perceived that the LBRY case ruling may have a bearing on the XRP lawsuit. However, U.S. District Judge Analisa Torres granted abstract judgment in favor of Ripple on July 14, 2023. The judgment deemed the XRP token sale to retail consumers as not securities.
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