Better Markets Backs SEC in Ripple Lawsuit Over $XRP Classification ๐ฅ
The nonprofit organization Better Markets has stepped up to support the SEC in its high-stakes case against Ripple. ๐ผ๐ฐ
๐ Three key arguments were presented in the filing:
1๏ธโฃ XRP meets the criteria of the Howey Test to qualify as a security.
2๏ธโฃ The decision in favor of Ripple contradicts the Supreme Court's definition of investment contracts.
3๏ธโฃ The district court overlooked the economic realities of Ripple's issuance and sale of XRP tokens.
โ๏ธ What's at stake?
Better Markets argues that the previous ruling could weaken crypto market regulation and urges the case to be revisited to protect investors and market integrity.
This is another critical chapter in the battle shaping the future of cryptocurrency regulation in the U.S. ๐ฅ
๐ Whatโs your take? Should XRP be classified as a security or not? Share your thoughts below! โฌ๏ธ
