IS IT DONE FOR $XRP ? 🤔🤔 The Howey Test Still Has The Last Word! 👇
XRP (Ripple) has achieved a significant procedural victory in a federal class action regarding the classification of its token (XRP). Ripple was NOT SOLD as an unregistered security! However, the judge still has concerns about its classification based on the Howey test criteria (security or non security). As consequence, the upcoming jury decision regarding it, will be pivotal for the regulatory future of cryptos in the U.S.
Did You Know About The Howey Test? If Yes, Try To Answer The Following Questions. If your answers are 3 times "Yes", then you consider XRP as a security!
- Question 1
Is there an investment of money or other valuable assets involved in the transaction?
- Question 2
Is the investment made in a common enterprise where the investors' fortunes are interlinked or depend on the success of a project or promoter's efforts?
- Question 3
Do the investors expect to earn profits predominantly from the efforts of the promoter, a third party, or an outside group?
STAY TUNED! 🔥 & Remember, Your Support Is MASSIVELY Appreciated!👍💪 Also Don't Forget To Share It To Your Buddy! 🎅 - DYOR 🙏 NFA.🤝
