SEC Emails Suggest XRP May Not Be a Security, Says Lawyer in Ripple vs. SEC Case

05/21 12:40

Newly revealed SEC emails suggest that there are "reasonable grounds" to believe that XRP is not a security, according to pro-XRP lawyer John Deaton. The emails, highlighted as part of Ripple's arguments against the SEC allegations, indicate that XRP may not satisfy all Howey factors. While some experts believe the SEC could choose to settle, Deaton suggests that the emails could be a game-changer in favor of Ripple if the case goes to a jury. The lawsuit between Ripple and the SEC began in December 2020, with Ripple denying the allegations and accusing the SEC of overreach.

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