Pro-XRP attorney John Deaton has responded to criticism of the decision in the SEC-Ripple case that emerged last week. Deaton emphasized that the SEC made the decision after applying the Howey test to every XRP transaction that it claims violated federal securities law.
The Howey Test is a legal test in the United States that determines whether a transaction constitutes a security. Deaton stated that the Supreme Court took the Howey test into account when making a determination and that the decision was correct.
Will Ripple Decision Return?
Lawyers who are experts in securities stated that the judge’s decision in favor of Ripple was inconsistent. Ripple opponents insist that the decision will be reversed on appeal.
Reacting to these speculations, Attorney Deaton stated that if the SEC somehow reverses Judge Torres’ decision, it will fail again at the end of the day. Pro-Ripple lawyer, this expectation “joint venture” explains with criteria.
XRP Price
Cryptocurrency XRP, which has been on the agenda of recent days, continues to rise in the middle of the week when the market is calm. XRP has gained 2.39% since the start of the day.
$XRP currently finds buyers in the free market with a price tag of $0.7972.
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