The Howey Test
The Howey Test is a legal test to assess whether certain transactions are investment contracts. If a transaction is an investment contract, it can be considered a security by the SEC. It is subject to specific disclosure and registration obligations under federal securities laws.
The test got its name after the 1946 Supreme Court decision in SEC...
Quick glance: In this post, we attempt to decode the ongoing tussle between Ripple and the SEC. This episode was filed into a lawsuit on December 2020. But the events that led to this lawsuit date back 2 years.
Case Summary:
SEC filed a case against Ripple which is one of the largest crypto issuing companies.
The SEC filed a lawsuit against Ripple over its XRP...
