XRP News: SEC Staff Emails Reveal XRP Didn't Fail Howey Test
Also Read: Why Didn’t US SEC Appeal Over Hinman Docs? Is It Looking To Settle? advertisement XRP Was Never A Security Attorney John Deaton, Amicus Curiae in the XRP Lawsuit highlighted a footnote from Ripple ’s opposition and reply briefs submitted in the court. It stated that “there are reasonable grounds to conclude that XRP does not satisfy all elements of the Howey Analysis and is therefore not a security for purposes of the federal securities law. While Exhibit 230 also stated that it is “more likely than not” that XRP “will not be considered a security and thus it should not be subject to regulatory oversight by the US SEC. It is important to note that mentioned statement is from exhibit 220 which is a part of the SEC emails. However, this raises a vital concern here why did the commission allege charges against the Ripple executives when its staff analyzed that XRP is not a security in nature? Read More X...