HAL1000 Posted September 19, 2022 Share Posted September 19, 2022 (edited) Edited September 19, 2022 by HAL1000 woodman_73, PunishmentOfLuxury and Julian_Williams 2 1 Link to comment Share on other sites More sharing options...
JASCoder Posted September 19, 2022 Share Posted September 19, 2022 This was an excellent explanation of a very nuanced and complex legal battle It's also VERY encouraging how the SEC seems to have completely given up on their assault on the secondary markets DannyRipple, woodman_73 and mambli 3 Link to comment Share on other sites More sharing options...
Frisia Posted September 19, 2022 Share Posted September 19, 2022 (edited) 2 hours ago, JASCoder said: This was an excellent explanation of a very nuanced and complex legal battle It's also VERY encouraging how the SEC seems to have completely given up on their assault on the secondary markets Well yes this defence line came to me as a complete surprise. Stating that the Howey test cannot be applied because the basic requirement of the presence of an investment contract does not apply because there is no contract as well as the lack of after sales obligations. This could change everything and it's the first time I (and I assume also the SEC 😅) have seen this defence so clearly written. And indeed the focus is entirely on the sales of investment contracts and not on the legal status of the token itself. I think this matter is also the reason of the pumps we're seeing as this should remove the underlying reasons of delisting (or halting of negotiations) of XRP by US exchanges. Edited September 19, 2022 by Frisia DannyRipple, xrpmommy, woodman_73 and 1 other 3 1 Link to comment Share on other sites More sharing options...
HAL1000 Posted September 19, 2022 Author Share Posted September 19, 2022 Gary don't like it PlanK, MicroFuturesTrader, DannyRipple and 1 other 3 1 Link to comment Share on other sites More sharing options...
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