Adam Cochran, a prominent crypto trader, also expressed his concerns on Twitter regarding the uncertain nature of the Howey Test, which is used to determine whether an investment qualifies as a security.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/25e71e377a9a4648b3de2ec74a419ccd.png" />In a recent <a href="https://twitter.com/adamscochran/status/1680194963982753793" rel="noopener noreferrer nofollow">statement</a>, Adam Cochran expressed his perspective on classifying cryptocurrencies as securities. Cochran argued that the distinguishing factor lies in the ability of individuals to participate in governance, which eliminates the reliance on others for profit in a shared venture. According to him, this absence of commonality sets cryptocurrencies apart from traditional securities and reinforces their status as non-securities. Adam emphasized that the outdated test fails to envision a world where global participation and coordination in ventures is possible, rendering it inadequate. However, the test does acknowledge the importance of expecting profit from the issuer&#39;s efforts.Senator Cynthia Lummis, a Republican from Wyoming, has <a href="https://twitter.com/SenLummis/status/1679908868992942080" rel="noopener noreferrer nofollow">taken</a> to Twitter to emphasize the importance of Congress taking decisive action following a recent court ruling that determined the Ripple-associated token XRP is not a security. The ruling by Judge Analisa Torres has brought to light the need for a clear and comprehensive crypto framework.Read full article at <a href="https://cryptotale.org/xrp-lawsuit-trader-cochran-and-senator-lummis-urge-congress-for-crypto-clarity/" rel="noopener noreferrer nofollow">CryptoTale.</a>

XRP Lawsuit: Trader Cochran And Senator Lummis Urge Congress For Crypto Clarity

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