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Attorney Deaton says XRP is not a security, irrespective of whether Ripple sold the coin to selected buyers as an investment contract. 
CryptoLaw founder attorney John Deaton has explained the fate of investors who purchased XRP because of the expertise of Ripple’s board. 
Over the weekend, attorney Deaton <a href="https://thecryptobasic.com/2023/06/24/deaton-says-thousands-of-investors-acquired-xrp-without-knowing-ripple/">asserted </a> that thousands of investors purchased XRP for the first time without knowing Ripple. As <a href="https://thecryptobasic.com/2023/06/24/deaton-says-thousands-of-investors-acquired-xrp-without-knowing-ripple/">reported </a>, Deaton revealed that 52% of the over 10K investors he communicated with declared that they never knew about Ripple when they purchased XRP for the first time. 
As expected, Deaton’s assertion stirred reactions from XRP enthusiasts. Commenting on the tweet, an XRP community member Caesar Korvinus asked what could be his fate, given that he and other early investors knew about Ripple before purchasing the coin. 
Korvinus disclosed that he invested in XRP in 2016 because of the names of those who sat on the company’s Board of Directors, as well as the expertise of Ripple’s CTO David Schwartz. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> <a href="https://twitter.com/Ripple?ref_src=twsrc%5Etfw">@Ripple</a> <a href="https://twitter.com/JoelKatz?ref_src=twsrc%5Etfw">@JoelKatz</a> 
 <a href="https://twitter.com/CAESARMILLZ/status/1672382434367746050?ref_src=twsrc%5Etfw">June 23, 2023</a> 
</blockquote> 
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<h2 id="span-style-font-weight-400-deaton-says-howey-test-was-met-in-this-scenario-span">Deaton Says Howey Test Was Met In This Scenario&nbsp; </h2>...
<a href="https://thecryptobasic.com/2023/06/26/deaton-says-ripple-selling-xrp-as-investment-contract-doesnt-make-xrp-itself-a-security/">Read more</a>

Deaton Says Ripple Selling XRP As Investment Contract “Doesn’t Make XRP Itself a Security”

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TheCryptoBasic

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