According to the digital assets enthusiast Bill Morgan, the SEC is trying to stretch the Howey Test in its case against Ripple. Read more.
- Bill Morgan believes the SEC is trying to stretch the Howey Test in its case against Ripple.
- Morgan asked people to dispel any doubt on the SEC’s plot even if Judge Torres sidesteps ruling on secondary market spells.
- Morgan based his stance on John E. Deaton’s submission to Judge Analisa Torres.
According to digital assets enthusiast Bill Morgan, there is no doubt the US Securities and Exchange Commission (SEC) is trying to stretch the Howey Test in its case against Ripple. Morgan made the statement while acknowledging a submission by John E. Deaton, the Managing Partner of the Deaton Law Firm, to Judge Analisa Torres of the US District Court of the Southern District of New York.