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Nganong Pro-Ripple Abogado Nag-ingon Ang XRP Dili Mahimong Klasehon Ingon Usa ka Seguridad Bisan Kung Gibaligya Kini Ingon Usa
Ang US Attorney nga si John Deaton nagpatin-aw sa lawom nga hinungdan ngano nga ang XRP cryptocurrency dili maklasipikar isip usa ka seguridad even if blockchain payments company Ripple sold it to the public as an investment contract.
"Ang XRP Nagpabilin nga Usa ka Digital Code": John Deaton
The debate over whether XRP should be deemed a security rages, something that is the crux of the legal battle between Ripple ug ang US Securities and Exchange Commission (SEC).
In a detailed Twitter thread on Friday, CryptoLaw founder John E Deaton asserted that XRP “remains a digital code” even if Ripple sold it as an investment contract (read: security) in the past or is still selling it now.
Deaton noted that just because someone used bitcoin (BTC) as a security, it didn’t turn it into a security. Similarly, in the LBRY Credits (LBC) case, the judge ruled that LBRY sold LBC as an investment contract when it made direct sales. In the lawyer’s view, LBC remains a software code and nothing else. The SEC even admitted on record that the sale of LBC tokens in the secondary market did not constitute a security. This means LBC itself does not qualify as a security. If it did, the court’s ruling would apply to all of its sales.
Ang sama nga magamit sa Ripple’s XRP. However, Deaton notes that the commission has previously implied that the XRP token itself is a security. “This novel and dangerous embodiment theory is how the SEC is attempting to expand its jurisdictional reach into secondary market transactions. The theory stretches Howey beyond recognition,” he added.
Bisan pa, ang nagpahiping asset dili gyud ang seguridad sa usa ka kaso sa kontrata sa pamuhunan, ug ang nobela nga Howey nga pagsulay nanginahanglan usa ka pagtuki sa Howey sa oras sa matag tanyag o pagbaligya. Kini ang hinungdan ngano nga si Deaton masaligon nga si District Judge Analisa Torres mosalikway sa summary judgement motion sa SEC sa XRP suit.
Bitcoin was Once Sold As A Security
Deaton also cited the crypto market lodestar, bitcoin, as he explored the XRP security issue. He notes that the digital asset was once “packaged, marketed, offered and sold” as an investment contract. This is the case for condos, chinchillas, and beavers. Even though they can be sold as investment contracts, that doesn’t mean they turn into securities.
Ang SEC mihimo og aksyon batok sa Ripple in December 2020, contending that it had sold an unregistered security since 2013. Two years later, the high-profile case grossly muddied Ripple’s reputation drags on. A ruling is expected in the first half of 2023 — barring an unlikely settlement. Most XRP loyalists believe Ripple has the upper hand in the case, and they are convinced the company will ultimately prevail.
Ingon niana, ang katin-awan sa regulasyon nga dugay nang gipangayo sa industriya sa crypto lagmit nga moabut sa porma sa usa ka desisyon in the SEC v. Ripple demanda.
Ang orihinal nga tinubdan: ZyCrypto