XRP Lawsuit: Judge Blocks S.E.C. Request To Revoke Amici Status

This is incredible news for the XRP army!

According to Ripple counsel, James K. Filan, Judge Analisa Torres has blocked the S.E.C.’s motion to revoke the Amici status granted to XRP holders.

Amici status refers to ‘friends of the court’ who can have their concerns posed to the court during ongoing litigation because the outcome presumably affects their life, liberty, or property.

Attorney John Deaton will continue to represent the interests of thousands of XRP investors, who are now threatened by the outcome of the litigation.

Despite this, the S.E.C. shows no sign of letting up and continues to double down on its failed rhetoric and stalling tactics; the case is clear: the S.E.C. is showing partiality to certain crypto assets and not others.

Here are the latest developments:

#XRPCommunity #SECGov v. #Ripple #XRP BREAKING: Judge Torres denies SEC's Motion to Revoke amici status and bar @JohnEDeaton1 from further proceedings. Amici can't participate in expert challenge now but may file application to brief concerns with SEC's expert at summary judgment pic.twitter.com/fGVf6ZvQma

— James K. Filan 🇺🇸🇮🇪 106k (beware of imposters) (@FilanLaw) July 26, 2022

Here’s a fact I can now share: SEC didn’t object to #XRPHolders in Oakland having an expert’s report b/c those #XRPHolders sued @Ripple. I’ve identified 5 total #XRPHolders in that litigation.

I have 69K #XRPHolders. SEC said we can’t get it and asked to throw me off the case.

— John E Deaton (208K Followers Beware Imposters) (@JohnEDeaton1) July 27, 2022

Crypto Potato explains:

According to the defense lawyer James K. Filan, the motion to prevent attorney John Deaton from further proceedings was also denied. His tweet regarding the same read,

“Amici can’t participate in expert challenge now but may file an application to brief concerns with SEC’s expert at summary judgment.”

 

Deaton can continue to retain Amici status and represent the interests of XRP holders!#XRP #Ripple #XRPArmy https://t.co/sTdFlFhL8Y

— Vince Quill (@VinceQuill) July 27, 2022

Make no mistake about it: @GaryGensler is all about protecting the incumbents. https://t.co/RXMGuH2P4v

— John E Deaton (208K Followers Beware Imposters) (@JohnEDeaton1) July 26, 2022

ZY Crypto comments on what appears to be a losing case for the S.E.C.:

Judge Sarah Netburn referred to the Commission’s antics as “hypocritical” and contrary to its duties of upholding the law. The drawn-out court battle has led several Congressmen to question the regulator where their allegiance lies – whether to the public or for its interests.

Join the conversation!

We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spam, instead of replying to it please click the icon below and to the right of that comment. Thank you for partnering with us to maintain fruitful conversation.