🔥The debate about the intrinsic value of Ripple (XRP) continues to escalate when lawyer Deaton responds to Australian lawyer Bill Morgan's opinion on the stance of the US Securities and Exchange Commission ( SEC).
🎯The main conflict lies over whether XRP has intrinsic value, a question that has important implications for the cryptocurrency's regulatory classification.
💡Morgan criticizes the SEC for claiming that XRP has no intrinsic value. Deaton responded by recommending a review of the Howey test - the legal standard used in the United States to determine whether certain transactions qualify as investment contracts and therefore securities. Are not.
📚Deaton cites a specific section of the Howey test, emphasizing that the essence of the test lies in determining whether a plan involves investing money in a common enterprise where profits come solely from effort. the power of others or not.
🚀If this criterion is met, the distinction between speculative and non-speculative businesses or whether assets are sold with or without intrinsic value becomes immaterial.
🎯The main conflict lies over whether XRP has intrinsic value, a question that has important implications for the cryptocurrency's regulatory classification.
💡Morgan criticizes the SEC for claiming that XRP has no intrinsic value. Deaton responded by recommending a review of the Howey test - the legal standard used in the United States to determine whether certain transactions qualify as investment contracts and therefore securities. Are not.
📚Deaton cites a specific section of the Howey test, emphasizing that the essence of the test lies in determining whether a plan involves investing money in a common enterprise where profits come solely from effort. the power of others or not.
🚀If this criterion is met, the distinction between speculative and non-speculative businesses or whether assets are sold with or without intrinsic value becomes immaterial.