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In 2021, John Deaton went to court on behalf of 25,000 XRP investors to be allowed to participate in the process. Judge Analisa Torres did not authorize the move, but gave the XRP community the status of “amici curiae” — “friends of the court” during the trial.
Amicus curiae (lat. — Friend of the Court) – the term means a person assisting the court, offering the court information relevant to the case, despite the fact that the specified person is not a party to the case and is not involved in the case by its direct participants.
Deaton, on behalf of more than 67,300 investors, has already filed a letter with the court asking them to take into account the opinion of the owners of XRP. In the letter, Deaton asks for the judge’s permission to file his response to the recent testimony of SEC expert witness Patrick B. Doody, who made statements and allegations about what information XRP token holders have. Believed the truth when making your purchases.
Deaton and other investors criticized Dudy’s testimony, arguing that he probably hadn’t spoken to any XRP investor before coming to his conclusions and presenting his allegations to court.
The SEC claims to defend the “interests” of investors, as a result of which their excessive regulation has negatively affected All token holders.
#XRPCommunity #SECGov v. #Ripple #XRP Amici request permission to file brief regarding SEC expert who claims to know motivation of XRP holders when purchasing XRP. Amici also seek access to expert’s report and deposition testimony. https://t.co/Vw8LwUuLYN
— James K. Filan 🇺🇸🇮🇪96k+ (beware of imposters) (@FilanLaw) May 22, 2022
I encourage everyone to read the 4 page letter motion. It is packed with information, including how #XRPHolders took the time to try and make sure that the actual #truth sees the inside of the Courtroom. https://t.co/LP7mJBi4Qg
— John E Deaton (@JohnEDeaton1) May 21, 2022
The Court may, at its discretion, decide the matter, i.e. dismiss or resolve it. But observers of the case are optimistic.
Lawyer Jeremy Hogan believes that the judge can satisfy this request, since this is exactly the problem in which she previously allowed it. This would ensure a full and comprehensive statement of the matter, helping the Court to reach a fair conclusion.
“John Deaton is going to court! The SEC wants an expert witness to testify about what XRP holders were thinking when they bought XRP. Deaton represents 67,000 VALID XRP HOLDERS and wants to represent what they ACTUALLY thought. So, of course, the SEC opposes that.”
John Deaton is marching into Court!
The SEC wants an «expert» witness to give testimony about what XRP holders were thinking when they bought XRP.
Deaton represents 67k ACTUAL XRP HOLDERS and wants to present what they were ACTUALLY thinking.
SO of course, the SEC opposes it. https://t.co/Xtz1g1TGBd pic.twitter.com/NgPHLt8b4t
— Jeremy Hogan (@attorneyjeremy1) May 22, 2022
However, there are some negative aspects to whether the court allows this letter to be filed: the SEC may oppose this initiative, and as a result, it may cause another delay in the case.
#John #Deaton #asks #permission #file #short #response #behalf #XRP #holders