Crypto Law founder and Deaton Law Firm Managing Partner John E Deaton tweeted that he will be defending secondary market transactions of a token against the US SEC. He added:
The former federal prosecutor and defence lawyer, James K Filan shared that Deaton will be filing a motion to file an Amicus Brief in Zakinov versus Ripple lawsuit in California, U.S. The plaintiffs claimed that Ripple sold XRP as an unregistered security, asking the court to certify a class of all XRP holders who either purchased, now hold, or sold XRP at a loss.
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Source: Cryptocurrency - investing.com
