Coin

<ul class="news-points"> 
 <li><strong>Crypto Law claims that most XRP sales in Bid/Ask transactions on anonymous exchanges are not securities under the Howey Test.</strong></li> 
 <li><strong>Fox senior correspondent stated that the actual winners from Judge Torres’ judgment were the retail XRP holders.</strong></li> 
 <li><strong>A member of the crypto community claimed that XRP would flip ETH after overcoming present challenges.</strong></li> 
</ul> 
<p>Crypto Law has said that most XRP sales in Bid/Ask transactions on anonymous exchanges were not securities under the Howey Test. Crypto Law made the statement in response to Charles Gasparino, senior correspondent at FOX, who criticized the judgment of Judge Analisa Torres of the Southern District of New York in the case of Ripple vs. the U.S. <a href="https://coinedition.com/tag/sec/">Securities and Exchange Commission (SEC)</a>.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">The baby was not split. The baby is not a security. <br><br>Blind bid/ask transactions on an anonymous exchange (vast majority of XRP sales in the case) are not securities under Howey. That's 75+yrs of case law speaking.<br><br>What case law are the unnamed laughers at SDNY citing? <a href="https://t.co/t7xmtBOPrH" target="_blank" rel="nofollow">https://t.co/t7xmtBOPrH</a></p>— CryptoLaw (@CryptoLawUS) <a href="https://twitter.com/CryptoLawUS/status/1725176416436683053?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">November 16, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>According to Gasparino, Ripple did not win the case. He believes the actual winners from Judge Torres’ j…</p>
<p>The post <a href="https://coinedition.com/most-xrp-sales-are-not-securities-under-the-howey-test-crypto-law/">Most XRP Sales Are Not Securities Under the Howey Test: Crypto Law</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Most XRP Sales Are Not Securities Under the Howey Test: Crypto Law

Coin Edition

Other articles published on Nov 17, 2023

Apple challenges EU’s Digital Markets Act, Will it impact Crypto market?

Fidelity’s Spot Ethereum ETF Application Shakes Crypto Communities! – COINOTAG PRO

Game Changer: LILLIUS Teams Up with Chiliz to Elevate Sports with Blockchain Tech

Litecoin Daily Transfers Hit New All-Time High, Beat Bitcoin 2:1

Shiba Inu: $25 Investment in SHIB Turns $1.7 Million in November 2023

RealOpen launches platform for buying real estate using crypto

Join our free newsletter for daily crypto updates!