went live, crypto industry experts have been poring over every page, and of the new discoveries made, there is one major conclusion that was imprinted in the fine lines of the text, according to the comments.
This conclusion was that XRP does not satisfy every prong of the Howey Test and, as such, cannot be deemed an investment contract or a security.
The document that originated with the SEC shows an emphatic statement that, considering the failure of the Howey Test,"there are reasonable grounds for concluding that XRP should not be considered an “investment contract" or"security" within the meaning of the Securities Act or the Exchange Act, as an excerpt from the documents reads.
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