XRP Lawsuit News: Ripple and its two chief executives have been facing legal actions from the U.S. Securities and Exchange Commission (SEC) for dealing in securities. However, This is not the only legal trouble tackled by the Ripple labs and now Attorney John Deaton has also decided to step into other cases supporting the defendants.
XRP Holder’s Lawyer To The Rescue
According to filings, Attorney John Deaton has filed a motion to file an Amicus Brief in the Zakinov Vs Ripple lawsuit. He mentioned that XRP holders want to file to support the defendant’s opposition to the lead plaintiff’s motion for class certification.
John Deaton is Amicus curiae or XRP holder’s lawyer in the U.S. Vs XRP lawsuit. He has presented different aspects related to the XRP as a token in and outside the court.
Court filings mentioned that the Plaintiff (Zakinov) has opposed XRP holders’ request for leave. While the defendant has consented. However, Plaintiff’s opposition shows that the interests of XRP holders and the known identifiable class of over 75K which stands with the Plaintiff’s proposed class in the case will not be pursued. While it will be hard to protect them until the court grants him the leave to file the proposed Brief.
Also Read: https://cryptoblogs.net/ethereums-shapella-transition-is-on-the-horizon/
