United

Pro-XRP attorney John Deaton believes the documents will help Ripple and Coinbase in the Court of Public Opinion. With Hinman’s emails expected to be made public tomorrow, crypto community members continue to speculate the extent of the document’s impact on the crypto industry and the SEC’s intense crackdown. Notably, Hinman’s emails are related to the drafts of former SEC official William Hinman’s June 2018 speech on cryptocurrencies. In a tweet yesterday, CryptoLaw founder attorney John Deaton said Hinman’s emails would not change the application of Howey. However, the documents will show the difficulty in applying the 1930s/40s precedent to modern-day technology. Howey Test Analysis It bears mentioning that the Howey test is a legal test used in the US to examine whether a transaction constitutes an investment contract. It was established in 1946 by the United States Supreme Court in the lawsuit between the SEC and W.J. Howey Co. Under Howey, a transaction requires an investment of money in a common enterprise with the expectation of profit from the efforts of others. A transaction is deemed a security once it satisfies all prongs of the Howey test. Since Howey’s inception, the test has been applied in numerous securities-related lawsuits, including

Pro-XRP Lawyer Highlights How Hinman Emails Will Help Ripple and Coinbase

TheCryptoBasic

Các bài viết khác được xuất bản trên 12 thg 6, 2023

BOCI Announces Historic First Tokenized Securities Issuance in Hong Kong

Track Crypto Whale Trades with DexCheck.ai: Uncover Insights and Stay Alerted on Telegram!

Can PEPE Beat Shiba Inu?

Nigeria Enacts Finance Act 2023: Introduces 10% Tax on Digital Asset Gains

Crypto Exchanges Experience Significant Outflows and Decreased Volumes

New Terra Classic Project Burns Over Half a Billion LUNC

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!