SNEAK PEEK
- John Deaton seeks crypto user involvement in Binance and Coinbase cases.
- Deaton’s initiative aims to prevent potential SEC manipulation of court views.
- Deaton assures the confidentiality of participants’ personal information.
Renowned attorney John E. Deaton has again taken to social media with a call to action that resonates across the crypto landscape. Eminent for his significant role in the Ripple lawsuit, attorney John Deaton is now shifting his focus. He aims to ensure that user voices on other crypto platforms, specifically Binance and Coinbase, are duly heard during legal proceedings.
As I did in the Ripple case, I have a Google form to establish a putative class of customers and crypto account holders who use these platforms. If there’s interest, we can ask to participate and possibly be granted amicus status in an effort to make sure our voices are heard.
— John E Deaton (@JohnEDeaton1) June 9, 2023
On June 9, 2023, Deaton tweeted his intention to establish a putative class of customers and crypto account holders using these platforms. His method for gathering interested individuals will be through a Google form, similar to his approach in the Ripple case.
According to reports, the aim is to seek participation and be granted amicus status in the court. The concept of amicus status, or “friend of the court,” allows a non-litigant to provide their perspective or expertise to assist the court in making a decision.
Deaton Vows to Keep Participants’ Information Confidential
In subsequent tweets, Deaton assured potential participants that their personal information would remain confidential. The attorney clarified that the names and emails provided would not be shared with anyone unless required by a court order.
Your name and email will not be shared or provided to anyone – unless ordered by a Court. Again, this isn’t about whether Binance or Coinbase did anything wrong. They have lawyers to defend them. Some of us just don’t want the SEC gaslighting the Court that its protecting us.
— John E Deaton (@JohnEDeaton1) June 9, 2023
Moreover, Deaton explicitly stated that the action was not about whether Binance or Coinbase had done anything wrong. He pointed out that both entities have their own legal teams to defend them. The initiative instead aims to prevent the U.S. Securities and Exchange Commission (SEC) from potentially manipulating the court’s view that it is protecting customers.
The proactive attorney further understands that not everyone can access or fill out the Google form, so he provides an alternative method of participation. As a result, he asserted that his office could be contacted directly by those who could not use the form. This ensures that their information is entered and their voice can be heard in court.
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- Source: https://investorbites.com/attorney-john-deaton-seeks-crypto-user-participation-for-legal-revolution/
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