XRP Lawsuit News: Ripple and two of its chief executives are facing legal action from the U.S Securities and Exchange Commission (SEC), for dealing in securities. Ripple labs are not just dealing with this legal problem. Attorney John Deaton is now supporting the defendants in other cases.
According to filings Attorney John Deaton filed a motion for an Amicus Brief to be filed in the Zakinov vs Ripple lawsuit. He stated that XRP holders would like to file to support the opposition of the lead plaintiff’s motion to class certification.

Advertisement

John Deaton is Amicus curiae, or the lawyer for the XRP holder in the U.S. vs XRP lawsuit. He has presented various aspects of the XRP token to the court. Read More XRP lawsuit News Here

Advertisement

Court filings indicated that Zakinov, the plaintiff, had opposed the request for leave by XRP holders. The defendant has agreed. Plaintiff’s objection shows that the Plaintiff’s interests and the identifiable class of over 75K, which is with the Plaintiff’s proposed class in this case, will not be protected. It will be difficult to protect them until the court grants him leave to file the proposed Brief.
It is important to mention that the proposed Amici Curiae include six individual XRP holders as well as SpendTheBits, Inc.
Trending Stories

About the author
Disclaimer

The content presented may contain the author’s personal opinion and may not reflect current market conditions. Before investing in cryptocurrency, do your market research. The publication or the author are not responsible for any financial loss.

Crypto Stories
View all