What are the Howey test and its implications for cryptocurrency?
The Howey test’s impact on cryptocurrency, explained — legal implications, compliance requirements and more.
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The Howey test’s impact on cryptocurrency, explained — legal implications, compliance requirements and more.
Ripple CEO Brad Garlinghouse said the firm’s XRP lawsuit could come to an end within “single-digit months.”
Ripple argued that XRP profits came from “market forces of supply and demand” rather than any contract between Ripple and XRP token holders.
The response comes as Ripple Labs and other critics believe the SEC has overstepped its mark on the enforcement of the crypto space.
“Most cryptocurrencies go to the SEC [...] Bitcoin and Ether would be certainly commodities, and that's agreed upon,” said the U.S. Senator from New York Kirsten Gillibrand.