Wu Blockchain (@WuBlockchain): The SEC has appealed to the appellate court to overturn the district court’s ruling that transactions involving XRP purchased by public investors thro…
Estimated coin impact
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- XRP-65Negative
The SEC has appealed to the appellate court to overturn the district court’s ruling that transactions involving XRP purchased by public investors through crypto asset trading platforms do not meet the definition of an “investment contract” under the Howey test, as the investors were unaware of whether Ripple was the seller. The SEC further seeks a determination that Ripple’s XRP transactions in question constitute the sale of investment contracts. dropbox.com/scl/fi/smffbtf…