The classification of XRP as a security is still pending a decision from the US District Court for the Southern District of New York. However, attorney John Deaton, who represents XRP holders in the Ripple lawsuit, has made a significant claim based on a footnote from Ripple's opposition and reply briefs submitted in court. The footnote suggests that XRP may not satisfy all elements of the Howey Analysis and may not be considered a security for federal securities law purposes. Additionally, stay up-to-date with the latest news and trends in the cryptocurrency world by joining our updated list of crypto Telegram channels for 2023.
All Comments