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Lending Voice to XRP Holders  Amidst the heat of the lawsuit, the crypto lawyer came up with a list of 75,000 XRP holders around the globe who lent their voices to the lawsuit. Deaton was the top voice for these people who submitted multiple affidavits supporting Ripple Lab’s defense. At a point in the legal battle, Ripple submitted 3,000 affidavits from XRP holders and Judge Analisa Torres cited the documents while ruling on the programmatic sales of XRP on digital exchanges. advertisement Once again, our work shows up in the briefing – as it did in Judge Torres’ decision. Don’t ever tell me that regular folks can’t make a difference . The 1300 affidavits cited below are investor affidavits. There were 2300 other affidavits as well. These Affidavits were from… https://t.co/3OS06IZSBJ — John E Deaton (@JohnEDeaton1) September 2, 2023 Recommended Articles ...

Notice that Clayton says until the large institutions (eg BlackRock) offer it, we won’t allow retail access. He literally admits that’s how it works in the United States. Now, of course, he couches it all in the name of investor protection, which I reject as bullshit. We are… https://t.co/Eb04fLuHhG advertisement — John E Deaton (@JohnEDeaton1) September 1, 2023   US SEC’s History with Crypto ETF Approvals The SEC’s hesitance isn’t new when it comes to the cryptocurrency realm. In a squawk box interview , former SEC Chairman Jay Clayton acknowledged the apparent demand from retail and institutional investors for access to Bitcoin. While Clayton agreed that Bitcoin isn’t classified as a security, the debate centers on whether the cash trading market could be easily manipulated to a degree that might preclude retail access.  Recommended Articles ...

The tweet from Grewal contained the screenshot of a portion of the documents that highlighted a “regulatory gap” in which an asset can be excused from being tagged as a security if there’s no controlling entity to hold onto in the case of a decentralized entity and is still required to register to fulfill an obligation to protect investors. advertisement Grewal noted that the clause underpinning the regulatory gap is what the trading platform had been telling the US SEC, Congress and the Third Circuit Court respectively. John Deaton, known for his insightful commentary on the case noted that the regulatory gap can help the fair notice defense on the part of Coinbase, Ripple and other digital currencies the SEC might be going after. The Hinman emails help @coinbase, #ETH and @Ripple’s fair notice defense. How much it helps anyone in a courtroom is yet to be seen. But in the Court of Public Opinion and in Congress, the emails should help dri...