Pro-Crypto Lawyer John Deaton to File Amicus Brief in Support of Coinbase’s Interlocutory Appeal
Pro-crypto lawyer John Deaton is making waves once again in the cryptocurrency world, this time by filing an amicus brief in support of Coinbase’s motion for an interlocutory appeal. Deaton, who is also a Massachusetts Senate candidate, is known for his advocacy for legal clarity in the digital asset space.
In his brief, Deaton emphasizes the urgent need for consistency and transparency in regulation, particularly calling out the SEC for its inconsistent approach to cryptocurrency. He points to past court cases involving Ripple, LBRY, and Telegram, as well as previous statements from the SEC, to highlight the confusion and uncertainty faced by industry participants.
Deaton doesn’t hold back in his criticism of the SEC, particularly calling out the regulator’s changing stance on whether crypto tokens should be classified as securities. He argues that Bitcoin, despite being different from other cryptocurrencies, should not be exempt from scrutiny simply because it lacks a specific ecosystem.
This move by Deaton comes as Coinbase continues to challenge the SEC in court, seeking clarity on whether certain digital asset transactions should fall under the regulator’s jurisdiction. With his legal expertise and passion for the crypto industry, Deaton’s involvement in this case is sure to make waves in the ongoing debate over cryptocurrency regulation.
