Testudo Posted October 23, 2018 Share Posted October 23, 2018 Don't know if already posted but: https://cryptodaily.co.uk/2018/10/the-sec-may-deliver-encouraging-ruling-on-xrp/ Cesar1810, WillGetThere and Kpuff 1 2 Link to comment Share on other sites More sharing options...
cryptoxrp Posted October 23, 2018 Share Posted October 23, 2018 Quote from article “Viamericas have come to the conclusion that XRP is in fact, a utility. so, as a utility, it doesn’t meet all the conditions by Howey Test. instead, it affirms itself perfectly on previous comments made Michael Diduik. Diduik is a former employee of the SEC and in the past, he has stated that XRP isn’t a security and instead it is a currency. In an interview, he justified his thoughts by saying: “I don’t think XRP is a security, I think XRP is a currency. The reason why is […] Howey test… It’s a 4-factor test – Investment of money in a common enterprise with the expectation of profits based on the efforts of others”. Considering the above we can now maybe end the poor discussion on XRP being a ‘share in Ripple the company’ or a security in general. If a highly (SEC) connected company like Viamericas ‘jumps in the game’ then you better beleive it’s ‘playtime’. Cesar1810 1 Link to comment Share on other sites More sharing options...
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