SEC vs. Ripple: The ‘amici curiae’ brawl came to life just because…

James K.Filan John Deaton Ripple XRP SEC

27.07.2022 - 05:23

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ambcrypto.com:

The U.S. Securities and Exchange Commission (SEC) played its cards to revoke theamici curiae status granted to XRP holders. Different filings against it depicted the said narrative. Nevertheless, Defendant came back relentlessly to counter Plaintiff’s filings on several occasions.

Attorney John Deaton led a group of XRP holders by filing a motion to intervene in the case back in March 2021. Although their attempt got rejected by the court last October, they did manage to obtain amici status. Thereby aiding XRP holders incorporate “friends of the court” briefs.

And, now they might be after SEC as depicted by James K. Filan, a fellow famed attorney. The defendant had filed their response to SEC’s motion. Herein, the SEC requested the court to deny amici’s motion to participate in the lawsuit. And, to even deny attorney John Deaton’s involvement for ‘gross misconduct.’

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— James K. Filan

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