Pro-XRP lawyer to represent Coinbase customers in the legal battle with SEC

Pro-crypto attorney John Deaton seeks a chance to represent Coinbase’s 4,701 customers in the ongoing legal battle between the exchange and the US Securities and Exchange Commission.

🚨NEW: @JohnEDeaton1 has filed for permission to appear as amici counsel on behalf of 4,701 @coinbase customers in the @SECGov vs. @coinbase case. https://t.co/XUCyBvS1kn pic.twitter.com/IEMNv7leak

— Eleanor Terrett (@EleanorTerrett) April 19, 2024

Deaton wants to speak on behalf of over 4,700 individuals who use Coinbase for their trading undertakings.

Pro-XRP lawyer supporting Coinbase

John Deaton has criticized the regulator’s approach to regulating digital assets, slamming the SEC Chair for pushing political agendas. 

Before running for the Senate Seat, around 5,000 Coinbase clients, including users, small investors, and developers, had requested “to have their voices heard.”

On Friday, @coinbase filed a request for permission to file an interlocutory appeal to the 2nd Circuit Court of Appeals. Because Congress is inept and because @GaryGensler is a bad faith regulator pursuing a political agenda, Coinbase is hoping to achieve regulatory clarity… https://t.co/Udv2swSdjz

— John E Deaton (@JohnEDeaton1) April 15, 2024

Meanwhile, this development is the latest in the ongoing legal fight that started in June last year.

The senate candidate revealed he would fight for Coinbase customers while advocating for the financial wellness of regular people looking for better lives, not just crypto investors and traders.

The attorney has intervened in legal proceedings within the crypto market before.

For instance, Deaton represented over 6,000 XRP investors in the lawsuit between Ripple Labs and the Securities & Financial Market Commission.

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