News View Non-AMP

Ripple’s John Deaton Rallies Thousands of Coinbase Customers in Battle Against SEC

Published by
Nidhi Kolhapur

Sparks are flying in the crypto world! Following a bombshell interview with the SEC and Coinbase, a new player has entered the ring. Fox Business journalist and XRP holders’ attorney, John E. Deaton, surprised everyone with a strategic move.

What is his plan, and how will it impact the ongoing battle between the SEC and Coinbase? Read on to find out

Deaton Steps In

Attorney John E. Deaton has filed for permission to represent 4,701 Coinbase customers in the SEC vs. Coinbase case. This move marks a significant development in the ongoing legal saga that’s been gripping the cryptocurrency world.

Facing a setback against the SEC, Coinbase didn’t back down. Instead, it filed for an interlocutory appeal, challenging a crucial legal aspect in its clash with the regulatory body. The aim? To bring clarity to the murky waters of digital asset regulation.

The Howey Test Issue

At the heart of Coinbase’s appeal lies the application of the Howey test to digital asset transactions. The exchange argues that this has led to confusion, blurring the lines between securities and non-securities in the crypto space. By raising this argument, Coinbase hopes to unravel the regulatory knots surrounding cryptocurrencies.

Also Read: Coinbase vs SEC: What if Coinbase’s Interlocutory Appeal Request Is Denied?

Will This Impact Ripple vs SEC?

The outcome of the Coinbase-SEC battle extends beyond their immediate skirmish. Ripple, embroiled in its own legal tussle with the SEC, closely watches Coinbase’s moves. If Coinbase succeeds in challenging the SEC’s stance, Ripple could gain a crucial legal advantage. Conversely, a win for the SEC could bolster its case against Ripple, shaping the destiny of the entire crypto space.

Read More: Is the Ripple vs SEC Lawsuit Holding XRP Price Back?

What do you think – is crypto’s future at stake?

Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Recent Posts

Crypto Trader Goes from Hero to Zero: $6.8M Win Followed by $10M Crash

Lookonchain, a well-known blockchain analytics platform, has revealed the jaw-dropping story of “Qwatio,” a trader…

June 26, 2025

VivoPower CEO Credits ‘XRP Army’ for $121M Treasury Move, Calls Bitcoin Treasuries Crowded

VivoPower recently announced plans to become the first publicly traded company to adopt XRP as…

June 26, 2025

Sui Price Prediction 2025, 2026 – 2030: SUI Price To Hit $5 Soon?

Story Highlights The live price of SUI crypto is . The SUI price is expected…

June 26, 2025

Binance Coin BNB Price Prediction 2025, 2026 – 2030: Will BNB Hit New ATH?

Story Highlights Binance Coin Price Today is . The BNB price prediction anticipates a potential…

June 26, 2025

Altcoin Season 2025: Top Seven Low-Cap Tokens To Buy Now

June has historically been a weak month for both Bitcoin and altcoins. Bitcoin is down…

June 26, 2025

XRP News: Wallets Holding Over 1M Tokens Hit All-Time High

XRP may be trading sideways, but behind the scenes, whales are making moves. According to…

June 26, 2025