THERE might be a new problem with xrp valuation in the future says crypto analysts
Crypto Experts Point Out Weaknesses of SEC’s Case Against #XRP XRP, Question Motives
In a recent development, John Deaton, the Founder of CryptolawUS, and prominent lawyer representing XRP holders, along with Nietzbux, a renowned crypto enthusiast, have stirred discussions regarding the SEC’s allegations against Ripple. They’ve put forth compelling arguments suggesting that the SEC’s case may be on shaky ground, and how they were “out-lawyered” by ripple
Questionable SEC Arguments
Nietzbux argues that Ripple’s brief shows that most Howey Test requirements—criteria used to determine if an asset is a security—were not met. This is significant cause all Howey Test requirements must be satisfied for an asset to be classified as a security.
John Deaton, Pro-XRP lawyer & founder of CryptolawUS,submitted an amicus brief that effectively picked apart the SEC’s argument, revealing their reliance on outdated and speculative evidence.
Deaton pointed out several weak links in the SEC’s evidentiary chain. For example, the SEC based some cases on a 2014 tweet by Chris Larsen, Ripple’s co-founder, but failed to provide evidence that any of the six named XRP holders in the motion to intervene were even on Twitter in 2014.
and it just keeps coming…
Moreover, Deaton underscored that the SEC used a 2014 brochure aimed at 100 potential investors as evidence yet failed to prove that these investors relied on the brochure when purchasing XRP. “The SEC’s strongest piece of evidence was that Ripple’s website listed where people could acquire XRP,” Deaton says. However, his amicus brief nullified this claim by mentioning that CNBC and other non-Ripple entities also provided such information.
The SEC’s Intentions are Questionable
In a compelling conclusion, Deaton questioned the real motives behind the SEC’s case, stating it was “dead in the water from the start.” He hints that the case might not have been filed to uphold securit #XRP #BTC #ETH