XRP Lawyer Deaton Files Amicus To Join Another Ripple Kawza

By Bitcoinist - 1 sena ilu - Ħin tal-Qari: 3 minuti

XRP Lawyer Deaton Files Amicus To Join Another Ripple Kawza

The U.S. Securities and Exchange Commission (SEC) lawsuit against Ripple Labs is not the only battle the company is currently fighting. In fact, there is a court case that has been under trial for a longer period of time: The class action lawsuit filed by XRP investors against Ripple Labs and CEO Brad Garlinghouse, which has been pending since November 2018.

The case, which is being heard in the US state of California, is led by lead plaintiff Bradley Sostack, with three lawsuits (Zakinov, Oconer, and Greenwald) consolidated into one. The plaintiffs accuse Ripple of selling XRP as an unregistered security and seek damages for losses suffered from the sale and alleged promises by Ripple. In addition, the plaintiffs are asking the court to also classify XRP as a security.

A New Player In The Ripple Vs. Zakinov Case

L-Avukat John E. Deaton, li diġà huwa involut ma' rispettiv amicus fil-qosor ġol Ripple vs. SEC and LBRY vs. SEC cases, is now getting involved in this case as well. As prominent criminal defense attorney James Filan writes in a series of tweets, Deaton is filing an amicus brief in Zakinov vs. Ripple.

Filan jikteb li l-klassi proposta tkun tinkludi detenturi XRP madwar id-dinja, inkluż il- 75,890 detenturi in the SEC case who have joined Ripple’s arguments and disagree with the plaintiffs in Zakinov, saying that XRP is not a security.

Moreover, the proposed class action is not limited to direct sales by Ripple, but extends to all sales of XRP, including secondary sales and international sales in countries where the token has already been classified as not a security.

Deaton jargumenta fil-mozzjoni tiegħu li l-qorti m'għandhiex tiċċertifika l-klassi minħabba dawn il-kunflitti u minħabba li hemm biss numru żgħir ta 'detenturi li jsostnu li XRP hija sigurtà mhux irreġistrata, filwaqt li ħafna aktar detenturi ta' tokens madwar id-dinja jsostnu li mhuwiex.

JUST ADDED to our Document Library:Order Granting @ JohnEDeaton1 Dħul Pro Hac Viċi Rappreżentanti #XRPHolders in US District Court for Northern District of CA in "In Re Ripple Labs Inc Litigation" (Zakinov v. @Ripple) Link to Order: https://t.co/tc3zd4ZyYm

- CryptoLaw (@CryptoLawUS) Frar 6, 2023

Fred Rispoli, avukat ukoll mill-komunità, ikkummenta dwar il-mossa ta’ Deaton b’applaws, u qal, “Billi familjari ma’ class actions, il-battalja taċ-ċertifikazzjoni tal-klassi hija l-aktar ġlieda importanti f’dawn it-tipi ta’ każijiet. John li jidħol hawn f'din il-kapaċità huwa kick reali fil-blalen għall-avukat tal-attur. U ma naqbilx ma’ John, iżda l-ballun kick ma jistax jiġi eżaġerat.”

Min-naħa tiegħu, Deaton ikkummenta dwar it-tħabbira ta’ Filan fuq Twitter, qal:

Kemm jekk huwiex is-SEC jew l-Avukat tal-Att li jagħmel l-argument assurd li t-tranżazzjonijiet tas-suq sekondarju ta’ token huma wkoll titoli sempliċement b/c jista’ jkun ġie offrut jew mibjugħ qabel b’mod li kiser it-Taqsima 5 tal-Att dwar it-Titoli, ser nara. inti fil-Qorti.

Prezz XRP Illum

Fiż-żmien tal-istampa, il-prezz XRP kien ta '$ 0.3961, u sab appoġġ fl-EMA ta' 100 jum. Matul l-aħħar 24 siegħa, il-prezz jikteb telf żgħir ta '0.4%. Għall-barrin, l-EMA ta '200 jum tibqa' waħda mill-akbar reżistenzi fil-mument.

Sors oriġinali: Bitcoinhuwa