Top Ripple lawyer has called out the SEC's 'historical misinterpretations' regarding the 1946 Howey Test
the U.S. Securities and Exchange Commission , drawing a historical parallel to highlight the SEC's ongoing legal missteps.
In a recent tweet, Alderoty referenced the SEC's 1946 Supreme Court case known as the"Howey Test," arguing that the SEC was incorrect in its interpretation then, and continues to be so in its current case against Ripple.and the SEC, a dispute that has significant implications for the digital assets industry.
The Howey Test, referenced by Alderoty, established a standard for what constitutes an"investment contract" or security. In 1946, the SEC argued that an investment in a"common enterprise" was unnecessary, provided there was a"community of interest." However, the Supreme Court disagreed, ruling that an investment contract — and thus a security — involves an investment in a common enterprise with expectations of profits predominantly from the efforts of others.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Top Ripple Lawyer Slams SEC for Playing 'Hide and Seek'Ripple's top lawyer has publicly criticized the U.S. Securities and Exchange Commission (SEC), accusing it of wielding the judicial process as a weapon and likening Congressional oversight to a game of 'hide and seek'
Weiterlesen »
Kraken’s Top Lawyer Says Signs of Progress in U.S. Congress Put SEC in Legal Bind.krakenfx's top lawyer msantoriESQ sees a vulnerability for the SECGov's campaign against crypto firms it says are breaking the law: The U.S. Supreme Court has said federal agencies must defer to Congress on the big stuff. jesseahamilton reports
Weiterlesen »
In the wrong place at the wrong time, a smartphone is sliced open by 'the guillotine'A smartphone was left in the wrong place at the wrong time and ended up neatly sliced open by a machine called the guillotine.
Weiterlesen »
Boys Volleyball Top 20, May 12: Top 4 teams stay strong while others bounce backThe top four teams remain unchanged this week.
Weiterlesen »