Ripple vs. SEC: Deaton Says SEC May Have Snatched Defeat From the Jaws of Victory
Ripple vs. the SEC is one of the most prominent lawsuits that has been dragging on for over two years. The SEC accused Ripple of selling XRP as a sec urity, which has greatly numbed Ripple ’s ability to grow over the years. John E Deaton , the founder of CryptoLaw.US, recently summed up his thoughts and his beliefs on the whole case. He also talks about the SEC’s argument against Ripple . Also read: Ethereum Denver Website Falls Target to Scammers, Fake Site Stole Over $300,000 I always like to back up anything I say with facts – explaining why I believe the way I do. In the next tweet 👇 of this 🧵, I’m going to quote the @SECGov’s summary judgment argument 🆚 @Ripple. The following quote perfectly summarizes the SEC’s theory in a nutshell: https://t.co/Uq0JNgpenY — John E Deaton (@JohnEDeaton1) February 20, 2023 SEC stresses the Howey Test to back their argument Deaton began his summary by quoting the SEC...