Professional-XRP legal professional John Deaton has been honored with the inaugural Defender of Freedom Award by the Worldwide Congress of Blockchain Authorized Advisors (ICBLA). This award acknowledges people and entities which have displayed exemplary dedication to upholding freedom within the crypto neighborhood, and Deaton’s choice for this honor comes with a $5,000 prize.
The Achievements Of Deaton
Deaton’s work within the crypto house, significantly regarding the digital asset XRP, has been pivotal. He empowered digital asset homeowners to counteract SEC enforcement actions, creating a technique that many view as a protection in opposition to the SEC’s broad makes an attempt at regulation, an official press launch by ICBLA states.
His dedication to the trigger was evident as he represented tens of hundreds of XRP holders within the notable case of SEC v. Ripple Labs et al. with out charging a price. Highlighting the significance of Deaton’s contributions, the abstract judgment by Choose Torres within the SEC vs. Ripple Labs case referenced Deaton’s amicus temporary.
Daniel Payne, an ICBLA senior fellow, commented on the award’s relevance, saying, “The Defender of Freedom award is exclusive within the crypto world. It represents a dedication to safeguarding the very essence of the crypto world– the liberty to innovate, develop, and rework the worldwide enterprise panorama. We applaud John’s creation of a brand new paradigm: federal judges now grapple with non-party token holders early and infrequently.”
James Murphy, a number one securities lawyer and a revered voice in crypto authorized commentary, weighed in on Deaton’s recognition. He stated, “I can’t consider a better option for the Defender of Freedom award. John represents one thing briefly provide in our society—an actual, genuine hero. John’s selfless service is within the most interesting traditions of the Marine Corps the place he retired as a Main. He lives by the motto—Semper Fi—at all times devoted.”
XRP Neighborhood Propelled His Efforts
In an in depth post on X (previously Twitter), Deaton delved deeper into his journey, emphasizing the collaborative struggle in opposition to the perceived injustice by the SEC. Deaton began by underscoring the award’s collective nature: “I accepted this beneficiant award on behalf of 75K individuals who have been keen to struggle again.”
He expressed gratitude for the overwhelming assist, with over 12,600 people initially becoming a member of his movement to intervene within the case, a transfer that marked a departure from conventional SEC enforcement actions. “Once I filed a Movement to Intervene, 12,600 folks joined, asking the choose to grow to be precise defendants within the case… NEVER had hundreds of traders petitioned a Court docket to be sued.”
Deaton additionally elaborated on the SEC’s ways, criticizing their try to supply testimony with out firsthand accounts from XRP holders. The legal professional credited the collective voice of the XRP neighborhood for stopping such ways, stating, “We didn’t let the SEC gaslight the Choose… That nonsense was excluded by the Choose b/c we supplied 3,600 Affidavits.”
Deaton highlighted key moments when collective motion swayed judicial opinion, citing particular cases the place neighborhood members like Naomi Brockwell within the LBRY case performed a pivotal position. “Choose Torres in a footnote cites the January 30, 2023 listening to the place I requested the Choose to make clear his ruling… If Naomi doesn’t grant me permission to symbolize her, and go in opposition to the SEC, that footnote by Choose Torres by no means happens.”
He concluded by reiterating that the award he acquired was a testomony to the collective spirit of your entire XRP neighborhood and their refusal to be silenced. “With out all of them, my efforts would’ve been a fart within the wind. So once I accepted this nice award, I accepted it on behalf of all of them.”
At press time, XRP traded at $0.50719.
Featured picture from PR Newswire, chart from TradingView.com
