1. BITBILIHome
  2. Article

John Deaton joins LBRY lawsuit as Amicus Curiae on behalf of Naomi Brockwell

• 214 views

TL;DR Breakdown

  • Lawyer John Deaton has joined the LBRY lawsuit to support Naomi Brockwell.
  • LBRY faced SEC allegations of unlawful token sales, leading to a judgment in July 2023, while Ripple won a favorable summary judgment in a separate case.
  • Deaton’s involvement highlights his ongoing commitment to championing the rights of cryptocurrency stakeholders amid evolving legal challenges.

 

Description

Lawyer John Deaton, renowned for his representation of XRP token holders in the Ripple-Securities Exchange Commission (SEC) lawsuit, has officially entered the legal arena once again. Deaton submitted his Notice of Appearance as an Amicus Curiae in the LBRY lawsuit, further solidifying his commitment to the cryptocurrency community’s legal rights. A notable move in the … Read more

Lawyer John Deaton, renowned for his representation of XRP token holders in the Ripple-Securities Exchange Commission (SEC) lawsuit, has officially entered the legal arena once again. Deaton submitted his Notice of Appearance as an Amicus Curiae in the LBRY lawsuit, further solidifying his commitment to the cryptocurrency community’s legal rights.

A notable move in the LBRY lawsuit

In a formal document filed on September 14, 2023, with the United States Court of Appeals for the First Circuit, John Deaton formally announced his involvement as an Amicus Curiae in the LBRY lawsuit. This development comes as LBRY seeks to challenge a final judgment imposed on July 11, 2023, by the United States District Court for the District of New Hampshire. The judgment ordered LBRY to pay a civil penalty and prohibited the company from participating in unregistered offerings of crypto asset securities in the future.

John Deaton’s Notice of Appearance was submitted on behalf of Amicus Curiae Naomi Brockwell, the founder of Crypto Law. Crypto Law is a platform dedicated to providing insights and updates on legal and regulatory matters pertaining to cryptocurrencies in the United States, often in collaboration with Deaton himself. Deaton’s representation of Brockwell demonstrates his unwavering commitment to championing the interests of cryptocurrency enthusiasts and stakeholders.

Deaton’s ongoing commitment to cryptocurrency rights

John Deaton has gained recognition for his active involvement in legal proceedings and discussions surrounding cryptocurrency regulations and legal actions. His relentless pursuit of justice for XRP token holders in the SEC lawsuit underscored his dedication to the crypto community. John Deaton’s statement on social media platform X (formerly known as Twitter) encapsulates his resolute stance:

“Win, lose, or draw, we will be in the fight!”

LBRY’s legal battle 

LBRY, a blockchain-based content-sharing platform, found itself in the crosshairs of the United States SEC in March 2021. The SEC alleged that LBRY had unlawfully sold LBC tokens without registering them with the agency, a violation of the Securities Act of 1933. The legal dispute culminated in a final judgment in July 2023, which held LBRY liable for violating Section 5 of the aforementioned Act.

The outcome of the LBRY case was closely watched by the cryptocurrency community due to its potential implications for the broader crypto space. However, on July 14, 2023, U.S. District Judge Analisa Torres issued a summary judgment in favor of Ripple, the company behind XRP. Judge Torres ruled that the sale of XRP tokens to retail buyers did not constitute securities, marking a significant victory for Ripple and XRP token holders.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

文章来源于互联网:John Deaton joins LBRY lawsuit as Amicus Curiae on behalf of Naomi Brockwell

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年9月15日 20:45
Next 2023年9月15日 21:39

Related articles

  • Crypto faces a liquidation nightmare, markets suffer

    TL;DR Breakdown August was a harsh month for the crypto industry, marked by significant liquidations. Venture capital investments in blockchain showed a declining trend, hitting a low in 2023 with only $401 million. Infrastructure projects received a mere $107 million from 18 deals in August. Description The crypto world can sometimes resemble a toddler on a sugar high – erratic, unpredictable, and full of wild swings. August was no different, proving itself as a brutal month for crypto enthusiasts and investors. If you thought this was just another typical summer slowdown, you were in for a rude awakening. This wasn’t your … Read more The crypto world can sometimes resemble a toddler on a sugar high – erratic, unpredictable, and full of wild swings. August was no different, proving itself as a brutal month for crypto enthusiasts and investors. If you thought this was just another typical summer slowdown, you were in for a rude awakening. This wasn’t your garden-variety market dip; this was a full-blown liquidation frenzy. Venture Capital’s Cold Feet You’d expect the backbone of the crypto industry,…

    Article 2023年9月15日

  • DOJ accuses SBF of leaking ex-Alameda CEO’s private diary

    TL;DR Breakdown The United States DOJ has accused ex-FTX CEO of leaking the private diary of the former Alameda Research CEO. Multi-million dollar lawsuit reveals serious allegations against FTX executives. Description The U.S. Department of Justice (DOJ) has raised serious allegations against Sam Bankman-Fried, the former CEO of FTX, accusing him of leaking the private diary of ex-Alameda Research CEO, Caroline Ellison, to the New York Times. The leak resulted in the publication of Ellison’s musings, prompting the DOJ to seek a ban on all out-of-court … Read more The U.S. Department of Justice (DOJ) has raised serious allegations against Sam Bankman-Fried, the former CEO of FTX, accusing him of leaking the private diary of ex-Alameda Research CEO, Caroline Ellison, to the New York Times. The leak resulted in the publication of Ellison’s musings, prompting the DOJ to seek a ban on all out-of-court statements made by witnesses and other parties involved in the case. DOJ claims the move is against the US law In their court filings, the U.S. Attorneys emphasized the significance of Rule 23.1(a), which strictly forbids…

    Article 2023年7月23日

  • Solana, co-founder, explores Ethereum’s potential as layer-2 solution for SOL

    TL;DR Breakdown Solana co-founder Anatoly Yakovenko proposes using Ethereum as a layer-2 solution for the Solana blockchain, sparking discussions within the crypto community. Yakovenko highlights the potential benefits of this integration, including secure asset recovery and interoperability between the two platforms. Yakovenko advises caution regarding leasing or speculative actions with Solana assets on Ethereum, emphasizing asset safety. Description Solana Labs’ co-founder, Anatoly Yakovenko, recently sparked discussions with his intriguing proposal about Ethereum‘s potential as a layer-2 (L2) solution for the Solana blockchain. This amalgamation of two prominent platforms brings forth a range of advantages and disadvantages, captivating the attention of experts and enthusiasts. In this article, we delve into Yakovenko’s ideas and explore … Read more Solana Labs’ co-founder, Anatoly Yakovenko, recently sparked discussions with his intriguing proposal about Ethereum‘s potential as a layer-2 (L2) solution for the Solana blockchain. This amalgamation of two prominent platforms brings forth a range of advantages and disadvantages, captivating the attention of experts and enthusiasts. In this article, we delve into Yakovenko’s ideas and explore the implications of employing Ethereum as an L2 protocol…

    Article 2023年7月5日

  • 5 Best Transcription Apps To Convert Audio To Text

    TL;DR Breakdown Transcription apps powered by AI and machine learning offer efficient and cost-effective solutions for converting audio to text. Human-powered transcription services like GoTranscript enhance accuracy but may come at a higher cost and longer turnaround times. Versatile apps like Otter not only transcribe but also offer additional productivity features, making them a comprehensive solution for users. Description If you’ve ever had the arduous task of manually transcribing an audio file, you understand the time-consuming nature of this endeavor. Fortunately, the advent of machine learning and the increasing popularity of AI has led to the development of user-friendly transcription apps that are often accessible, and in some cases, even free of charge. Transcription … Read more If you’ve ever had the arduous task of manually transcribing an audio file, you understand the time-consuming nature of this endeavor. Fortunately, the advent of machine learning and the increasing popularity of AI has led to the development of user-friendly transcription apps that are often accessible, and in some cases, even free of charge. Transcription services find applications in a myriad of scenarios,…

    Article 2023年9月17日

  • Huobi’s Token burn strategy skyrockets user confidence in Huobi Token (HT)

    TL;DR Breakdown Huobi burns a record-breaking 298,940,224 HT tokens, boosting user confidence. Quarterly token burning contributes to a deflation rate of 0.9066% in HT circulation. Huobi transitions from monthly to quarterly burning cycles to enhance transparency. Description Hong Kong-based cryptocurrency exchange Huobi recently expressed gratitude to loyal users for their unwavering support and confidence in Huobi Token (HT). In a newly released report, Huobi highlighted significant developments, including a groundbreaking token burn in the second quarter of 2023. A remarkable 298,940,224 HT has been burnt by Huobi as of July 15th, 2023, … Read more Hong Kong-based cryptocurrency exchange Huobi recently expressed gratitude to loyal users for their unwavering support and confidence in Huobi Token (HT). In a newly released report, Huobi highlighted significant developments, including a groundbreaking token burn in the second quarter of 2023. A remarkable 298,940,224 HT has been burnt by Huobi as of July 15th, 2023, with 1,950,555 HT burned in Q2 2023 alone. This relentless token combustion strategy has contributed to a noteworthy quarterly deflation rate of 0.9066% in circulation. Presently, are 201,050,000 HT available,…

    Article 2023年7月17日
TOP