Crypto Law Founder Faults the DoJ for Continued Prosecution of Ripple
CoinEdition
Published Mar 21, 2023 07:30AM ET
Crypto Law Founder Faults the DoJ for Continued Prosecution of Ripple
- John Deaton criticized the DoJ for seeking to prosecute Ripple despite an existing Judge’s order.
- Deaton compares the act to the government’s centralized CBDC program.
- Ripple’s defendants have filed a Letter of Notice of Supplemental Authority.
The blockchain lawyer and founder of Crypto-Law.us, John E. Deaton, has criticized the action by the Department of Justice (DoJ) in seeking to prosecute Ripple for following an order from a judge. Deaton compares this development to the government’s attempt at creating a Central Bank Digital Currency (CBDC) that can lock users out of the financial system at will.
Furthermore, according to Schwartz, CBDCs could make cryptocurrencies more useful for applications which the CBDCs are not good for. However, it must compete on a level playing field, and people must not use cryptocurrencies for applications where they are not suitable.
The post Crypto Law Founder Faults the DoJ for Continued Prosecution of Ripple appeared first on Coin Edition.
See original on CoinEdition
Get The News You Want
Written By: CoinEdition
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.