charlie: that is the great john deaton., big development in the sec versus ripple case, which is a big development in crypto. if the sec loses the case against ripple, xrp, which is its cryptocurrency that is used in it's decentralized network for cross border transactions that's going to be declared a legal currency, not a security, doesn't need sec approval, huge story for the crypto business, because it's basically saying that the sec over stepped its bounds in regulating the crypto business by declaring xrp a security and essentially going after ripple for using xrp as a security to finance its, the build-out of its platform. huge thing. here's why it's big. john deaton now joins the suit, almost as if when he says it's an amicus brief, he's now being sued although he's not. he's part of the case and what he will do now is say okay, sec, not only you can do whatever you want with ripple, if you think ripple did something wrong, but he can go to the judge and this will be, i guess, before a federal court judge, not a jur

charlie gasparino is here we welcome john deaton, the lawyer representing those xrp customers , and iwo have had a lot of discussion s about this already, charlie. charlie: we should also get a price of xrp if we can, because it's pertinent to this story. john thanks for joining us. we've been conversing a little bit on twitter. i'd like to ask you this. what is the ultimate goal of the case, and when did you get into this and why? why did you, because you're a lawyer. i never, i haven't read about you in the past, going after major corporations, this is a class action suit, i believe against the securities and exchange commission am i right about that? >> yeah, right now, it's a motion to intervene to the sec versus ripple case. charlie: what made you get into it? >> first off i want to thank you, cheryl, for having me and when i say thank you, i'm not just saying thank you on behalf of myself. i'm saying thank you on behalf of 22000 xrp holders who have joined this site against regulatory, not just uncertainty , but overreach and also, to bring into light the massive conflicts of in