2022-7-12 16:10 |
Due to lawsuit, John E Deaton named XRP as the most important altcoin.
Due to lawsuit, lawyer John E Deaton named XRP as the most important altcoin. This is how he answered the question of why XRP is important.
The answer to Jason’s question is an easy one. The SEC’s argument regarding #XRP makes #XRP by far the most important altcoin in crypto. The SEC is alleging that today’s #XRP – the token itself – is a security, including secondary market sales – independent of@Ripple.
He also added:
Considering Congress is not going to provide regulatory clarity (especially in an election year on the heels of the SCt overturning Roe), the ruling by Judge Torres in the SDNY will decide whether the SEC has jurisdiction over the existing altcoins that have traded for years.
The SEC IS NOT only alleging the way Ripple offers and sales XRP is illegal but that ALL #XRP are unregistered securities. It’s the functional equivalent of claiming the oranges or groves in Howey were securities. If successful, then almost every other altcoin is a security
origin »