XRP Lawyer John Deaton Gears Up for Oral Arguments in Coinbase Lawsuit Against SEC

John Deaton, the attorney representing 75,000 XRP holders in the Ripple lawsuit against the SEC, is preparing for oral arguments on January 17, 2024, when Coinbase's motion for judgment will be heard. The motion argues that the transactions in question do not qualify as investment contracts and that staking services do not involve the investment of money. Deaton had invited interested customers to join an amicus curiae, and 5,000 users have joined the list. Coinbase has sought a legislative approach to end the SEC's enforcement-only approach.