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- John E. Deaton recordsdata a discover of look as an amicus curie within the LBRY case on behalf of Naomi Brockwell.
- Deaton expresses his dedication to the case whatever the outcome.
- Brockwell beforehand confirmed her help for LBRY, and is a recognized holder of LBC tokens.
John E. Deaton, a crypto lawyer and XRP advocate recognized for his critique of the US Securities and Alternate Fee (SEC), lately filed a discover of his willingness to defend LBRY within the SEC’s lawsuit in opposition to it. After submitting his discover of look as an Amicus Curie within the case, Deaton expressed his dedication whatever the outcome, tweeting, “Win, lose or draw, we can be within the struggle!”.
In 2021, the SEC charged the blockchain agency LBRY with “conducting an unregistered providing of digital asset securities”. As per the lawsuit, the regulators accused the platform of promoting unregistered securities known as “LBRY Credit” to buyers.
Deaton reiterated his dedication to the case with the brand new submitting on September 15. The submitting signifies he can be making an look on behalf of Amicus Curie Naomi Brockwell, the co-founder of Deaton’s CryptoLaw. Ripple fanatic and former federal prosecutor James Okay. Filan took to X (Twitter) to announce Deaton’s transfer within the LBRY case.
Beforehand, in 2022, Deaton, together with the lawyer Invoice Gannon, submitted a request within the courtroom to file an amicus temporary on behalf of Brockwell, following her revelations in help of LBRY within the lawsuit. Based on her assertion, she earned LBRY’s LBC tokens from her video content material shared on YouTube and Odysee, together with viewer purchases, ideas and rewards. She added that she hasn’t cashed out these tokens and continues to carry them.
The crypto neighborhood has been actively watching Deaton’s involvement within the authorized tussles between the regulators and crypto companies, primarily pushed by his agency stance within the SEC-Ripple case. Not too long ago, Deaton took some without warning when he opted to not file an amicus temporary in Coinbase’s protection, on the rationale that his involvement is much less related in SEC v. Coinbase, as it’s a slim authorized problem.