Pro-XRP lawyer and Senate candidate John Deaton has reportedly filed a court brief in support of top US-based cryptocurrency exchange Coinbase.
According to court documents uncovered by FOX Business journalist Eleanor Terret, Deaton It has been submitted Requested permission to appear in court to assist 4,701 Coinbase customers in the U.S. Securities and Exchange Commission's (SEC) lawsuit against the cryptocurrency exchange.
Terret To tell Before launching his Senate campaign in Massachusetts, Deaton said he would file an amicus brief on behalf of his client if the case were to proceed to or be appealed to district court. Said.
A court brief is a request from a court for permission by a person or entity not involved in the litigation to provide assistance to one side by providing expertise, insight, or information related to the litigation.
Deaton announced earlier this year that he would run against incumbent Sen. Elizabeth Warren, who is known for her anti-crypto stance, with support from the Winklevoss twins, SkyBridge Capital CEO Anthony Scaramucci, and Ripple executives.
as said Deaton said in an interview with Terret.
“I will fight until the day I die for anyone who has $2,000 or $500 or $5,000 in Bitcoin or something.
This isn't a story about cryptocurrencies, it's a story about freedom, it's a story about upward mobility, it's about people looking for a fighting chance, it's a story about people trying to build a little wealth.They don't want to get rich, they're not “crypto friends”, they're just regular people. [who want] We have only a small exposure to this alternative asset class. ”
The SEC first filed a lawsuit against Coinbase in 2023, alleging that the cryptocurrency exchange violated numerous securities laws, including selling unregistered securities.
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