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Attorney Deaton speculates that Judge Torres could still give the same result using other Howey factors if the Second Circuit reverses Ripple’s victory.&nbsp;&nbsp; 
Pro-XRP lawyer John Deaton has reacted to the growing criticisms of Judge Analisa Torres’ ruling in the SEC v. Ripple lawsuit. 
In a tweet today, Attorney Deaton said the judge issued the ruling after applying the Howey test to each XRP transaction the SEC claimed violated federal securities law. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 “THE TORRES DOCTRINE” AS IT HAS BEEN CALLED IS SIMPLY A STRICT APPLICATION OF A 1946 TEST TO MODERN DAY BLOCKCHAIN TECHNOLOGY. 
 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> <a href="https://t.co/bqel8bGIMK" rel="noopener noreferrer nofollow">https://t.co/bqel8bGIMK</a> 
 <a href="https://twitter.com/JohnEDeaton1/status/1681473255926890498?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 19, 2023</a> 
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
It bears mentioning that the Howey Test is a legal test in the United States that determines whether a transaction constitutes a security. Notably, Deaton said the Supreme Court emphatically stated that when determining whether a transaction constitutes an investment contract, the focus should be on whether the Howey Test is satisfied. 
Furthermore, Attorney Deaton asserted that all that matters in determining an investment contract is the application of the Howey factors. 
Per Deaton, Judge Torres ruled that Ripple’s XRP sales to institutional investors satisfy all prongs of Howey. In contrast, Ripple’s programmatic XRP sales on exchanges did not. ... 
<a href="https://thecryptobasic.com/2023/07/19/deaton-explains-how-judge-torres-will-decide-same-result-if-higher-court-reverses-ripples-victory/" rel="noopener noreferrer nofollow">Read more</a>

Deaton Explains How Judge Torres Will “Decide Same Result” If Higher Court Reverses Ripple’s Victory

TheCryptoBasic

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