John Deaton, the attorney representing XRP holders, has made the strategic decision not to submit an amicus brief in the legal clash between Coinbase and the SEC. This decision is based on the specific nature of the lawsuit, which focuses on Coinbase’s argument that SEC-designated securities do not meet investment contract criteria. While speculation has arisen about the implications of this move, Deaton believes that filing a brief would not add much to the Coinbase case as most users probably align with the platform’s perspective. This strategic decision demonstrates Deaton’s clever approach to legal matters in a complex world.
AI Sentiment: Neutral