Hester Peirce, a commissioner at the US Securities and Exchange Commission (SEC), has recently acknowledged that the SEC’s evaluation of XRP did not accurately reflect the results of the Howey Test. XRP and the Howey Test According to a statement from John Deaton, a lawyer and founder of CryptoLaw, the SEC failed to take into account each transaction individually and missed the fact that XRP meets the criteria for the “common enterprise” and “expectation of profits” aspects of the Howey test. Peirce stated that the SEC’s examination centred on the characteristics of the token, rather than the factors related to
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Author: NixCoin