XRPclaiming to be a security XRP holdersAnd Ripple lawyersThe case is scheduled to be heard today.
U.S. Securities and Exchange Commission (SEC) and Ripple Labs pending summary judgment from district court. The Zakinov lawsuit, filed by investors claiming XRP to be a security, will take place today. ZakinovIt is thought that the lawsuit may also affect the lawsuit between the SEC and Ripple.
John Deaton Wants to Defend XRP Holders
XRP holders and Ripple lawyers claiming that XRP is a security, April 26, 2023He is preparing for the court hearing.
According to the details, the court hearing will take place around the question of documenting the class of XRP holders suing Ripple. Attorney, one of the prominent names in the Ripple and SEC case John Deaton requested permission to present a summary in the Zakinov case. Deaton aims to defend the more than 75,000 XRP holders who believe that XRP is not a security. However, Deaton’s request has not yet been decided.
Lawyer Deaton reported that the judge opened online access to nearly 500 members of the public. The trial was suspended because the judge did not allow John Deaton to participate in the oral discussion. LBRYAnd SEC He added that unlike his trial, he will be online. The lawyer stated that this is a long standing rule of the court.
