SEC has no Proof that "Secondary XRP Sales are Securities"
I understand Marc’s comment that secondary sales are an open legal question and whether a Howey analysis must be applied to secondary market transactions. But when you look at the existing case law in totality it strongly favors that you must apply Howey at each subsequent sale. https://t.co/bc2WaeGTjM advertisement — John E Deaton (@JohnEDeaton1) June 19, 2023 “If you don’t apply Howey at the time of each transaction and XRP is a SEC urity per se b/c Ripple sold to a guy named Johnny Crypto then, in effect, Johnny Crypto, his employee, the employee’s friend, Jeremy Hogan, Uphold, and TapJets are all in a common enterprise w/ Ripple ,” Deaton said referring to all the entities involved in the progression. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read ...