Attorney Deaton Speculates Judge Torres Could Still Rule Against Ripple Using Other Howey Factors

07/19 10:50

Pro-XRP lawyer John Deaton defended Judge Analisa Torres’ ruling in the SEC v. Ripple lawsuit, stating that she applied the Howey test to each XRP transaction claimed to violate federal securities law. Deaton emphasized that the focus should be on whether the Howey test is satisfied when determining whether a transaction constitutes an investment contract.

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