A Top Lawyer, Jeremy Hogan, Identifies Reasons Why XRP Should Not Be Considered A Security
In recent news, a top US lawyer has identified the number one reason why XRP, the cryptocurrency used by Ripple, should not be considered a security. This insight was shared by Jeremy Hogan, a legal expert in the field of cryptocurrency and blockchain, on his Twitter account.
https://twitter.com/attorneyjeremy1/status/1644907190455529473
Per Hogan, the analysis of what qualifies as an investment contract is usually governed by the Howey case and its “progeny.” He added that the famous Howey Test, “an investment in a common enterprise with expectations of profit from the efforts of others,” responded to a lower court’s opinion that a speculative case was necessary.
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