Pro-XRP lawyer asked to be amicus curiae for Coinbase customers
Pro-XRP lawyer John Deaton has fulfilled his promise to support Coinbase customers by asking him to serve as a friend of the court in the legal battle against the United States Securities and Exchange Commission (SEC).
In a lawsuit filed April 19 in the United States District Court for the Southern District of New York, Deaton is asked to represent 4,701 Coinbase customers as amicus counsel in the ongoing lawsuit, which began in June 2023.
“I have been admitted or otherwise authorized to practice in this court and will act as counsel for 4,701 Coinbase customers in this matter,” the filing said.
In an April 18 podcast interview with Fox Business reporter Eleanor Terrett, Dayton suggested that Coinbase's motivation to support customers is to protect everyday individuals who aim to “build a little wealth” in their lives.
“This is not about crypto, it's about freedom. This is about upward mobility, this is for people who want a fighting chance, who want to build a little wealth. They don't want to get rich, they're not crypto bros,” he said.
This comes just days after Coinbase filed an interlocutory appeal of its lawsuit against the SEC, after the court denied its motion to dismiss the entire lawsuit.
The interlocutory appeal revolves around the “controlling question” of whether an investment contract “requires something,” according to Paul Grewal, Coinbase's chief legal officer.
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Deaton has filed several amicus briefs over the past few years to support the crypto community.
In September 2023, he filed a notice of amicus brief appearance in LBRY v SEC.
More importantly, it was in 2021 when Deaton filed an amicus brief on behalf of more than 6,000 XRP (XRP) holders in a lawsuit between the SEC and Ripple Labs.
In recent news, Deaton has been campaigning for a Senate seat, aiming to secure the seat currently held by crypto-skeptic Senator Elizabeth Warren.
On April 15, Cointelegraph reported that Deaton had banked $1.36 million on Sen. Warren's bid to take over her Senate seat in the first quarter of this year, compared to Warren's $1.09 million.
It's a month after Deaton told his 324,100 X followers that he was putting $500,000 of his own money into his Senate campaign.
However, he asked his followers to help raise an additional $500,000.
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