Ripple Lawsuit: Who's Winning, XRP Potential, Coinbase Relisting!? (Ep 268)
Coin Bureau
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The Howy Test for Cryptocurrency
Ripple, ripple ceo brad garling house, and ripple co founder chris larson were charged last year over their sales of x r p. This is because the sec believes x r p is an unregistered security. Securities include assets like bonds, stocks and that recently listed bit coin, e t f. These assets must be registered with the s c before they can be sold, otherwise these sales are illegal. An asset is considered to be a security by the s c if it meets the four criteria of the howy test. The crux of the s cs argument is that ripple, brad and chris all marketed x r p as if it was a security,
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