Test

James

<ul class="wp-block-list news-points">
 <li>MetaLawMan compares XRP with oranges to show the complexity of the token’s classification.</li>
 <li>The analogy shows that the conceptual architecture in the Howey test is inadequate for dealing with security issues.</li>
 <li>The comparison primarily focused on the wholesale sale of oranges, which equated with XRP’s institutional sale.</li>
</ul>
In a recent CryptoLaw interview, crypto enthusiast James Murphy, known as MetaLawMan, shed light on the SEC’s appeal in the Ripple case. His insightful comparison of oranges and XRP, in the context of the Howey Test, captured the XRP community’s attention and sparked debate about XRP’s legal classification.
XRP attorney Bill Morgan praised MetaLawMan on X for his metaphorical explanation of XRP sales. Morgan argued that the analogy demonstrates the inadequacy of the Howey Test in addressing the complexities of “security issues that arise from buying crypto and the development and operation of crypto markets.”
<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">
 That video was great. I always find the analogy to the Howey oranges and orange groves intriguing. <a href="https://twitter.com/JohnEDeaton1?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@JohnEDeaton1</a> did it well. Your analogy of the wholesalers buying oranges from Howey and selling at a higher price into the markets w…
 </blockquote>
 </div>
</figure>
The post <a href="https://coinedition.com/orange-analogy-adds-zest-to-ripples-appeal-against-sec/" rel="noopener noreferrer nofollow">“Orange” Analogy Adds Zest to Ripple’s Appeal Against SEC</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

“Orange” Analogy Adds Zest to Ripple’s Appeal Against SEC

Coin Edition

Other articles published on Oct 10, 2024

US Regulators Crack Down on Crypto: $32 Billion in Settlements and Counting

Japan's Largest Telco NTT Digital Joins Injective as the Latest Validator

Newly Listed Meme Coins to Buy Now, October 9 – Doggo Inu, MSTR2100, Foxy

New Solana Memecoin Silver Pepe (PEPESILV) to Skyrocket Over 16,000% Ahead of Exchange Listing

CryptoPunk 1563 “Sells” for $56M: Real Deal or Flash Loan Stunt?

ECB Report Challenges Stablecoins’ Role as Safe Havens During Financial Crises

Join our free newsletter for daily crypto updates!