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Coin Edition

2023-01-24 15:59:00

Lawyer Clarifies the Flaws in SEC’s Claim that XRP Is a Security

Lawyer Clarifies the Flaws in SEC’s Claim that XRP Is a Security

In a series of tweets today, famous blockchain lawyer John Deaton explains the shortcomings in the US Securities and Exchange Commission’s (SEC) claim that Ripple’s native blockchain token, XRP, constituted a security contract. Deaton first quoted a 2018 provision of the US corporate finance regulation. The rule says: The digital asset itself is simply code. The post Lawyer Clarifies the Flaws in SEC’s Claim that XRP Is a Security appeared first on Coin Edition .

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