Attorney and XRP supporter John Deaton believes new evidence will be revealed in the U.S. Security and Exchange Commission’s lawsuit against Ripple.
The SEC filed its lawsuit against Ripple Labs in late December 2020, declaring XRP a security and accusing the San Francisco payments company of selling the crypto asset without proper authorization.
Deaton represents 67,000 XRP holders in the lawsuit after U.S. District Judge Analisa Torres granted the crypto investors “Amici Curiae” status last year.
“Amici Curiae” means “friend of the court,” according to Cornell Law School. Amici curiae can submit documents known as amicus briefs on issues relevant to the case as long as the court approves the briefs in advance.
Deaton says once the summary judgment motions are out, followers of the case will likely encounter evidence that they have not previously seen or heard.
“When the Summary Judgment motions are public, we will see evidence we are currently unaware of, including testimony from...
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