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Pro-XRP Lawyer John Deaton Advocates for Coinbase Users in SEC Lawsuit, Sets Sights on Senate Seat

Pro-XRP attorney John Deaton is steadfastly fulfilling his promise to support Coinbase users amid their legal challenges with the U.S. Securities and Exchange Commission (SEC).

On April 19, Deaton filed a motion in the Southern District of New York’s District Court to act as amicus counsel for 4,701 Coinbase customers in a lawsuit that began in June 2023.

In his filing, Deaton confirmed, “I am admitted or otherwise authorized to practice in this court and I appear in this case as counsel for 4,701 Coinbase Customers.”

Deaton’s involvement is driven by a desire to advocate for the average person’s right to financial growth, as he expressed in an April 18 podcast with Fox Business reporter Eleanor Terrett.

“This isn’t about crypto, this is about freedom.

“This is about upward mobility, this is about people who want a fighting chance, people who want to build a little wealth.

“They are not looking to get rich, they’re not crypto bros,” Deaton stated.

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The move to represent Coinbase users comes shortly after Coinbase lodged an interlocutory appeal following a denied motion to dismiss the SEC lawsuit.

The appeal hinges on the question of whether an investment contract necessarily involves a contractual agreement, a point highlighted by Coinbase’s Chief Legal Officer Paul Grewal.

Deaton’s efforts to support the cryptocurrency community are well-documented through several amicus counsel applications in significant legal battles.

Notably, he appeared as a friend of the court for over 6,000 XRP holders in the SEC’s 2021 lawsuit against Ripple Labs and more recently in the LBRY vs. SEC case in September 2023.

Adding to his legal activism, Deaton is also eyeing a political role, challenging Senator Elizabeth Warren, a known crypto critic, for her Senate seat.

His campaign has garnered significant financial support, outpacing Warren’s fundraising efforts in the first quarter of this year.

According to an April 15 Cointelegraph report, Deaton raised $1.36 million, surpassing Warren’s $1.09 million.

He also invested $500,000 of his personal funds into his Senate run and appealed to his 324,100 Twitter followers to help raise an additional $500,000.

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Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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