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Also Read: Cardano Founder Worked As Ripple Intern? Hoskinson Reveals advertisement Did XRP Pass The Howey Test Here? An XRP holder mentioned that he invested in XRP because he knew about Ripple. One of the major reasons for getting into XRP in 2016 was Ripple’s CTO, David Schwart working for the NSA. He added that his first buy came in after reading a new article that hinted that bank might use it ahead. The holder highlighted that he bought XRP when it was priced at $0.10. XRP holders’ lawyer, John Deaton issued clarity over the matter. The attorney stated that Ripple Labs had any kind of direct contact with the buyer and sold him XRP , then there is a valid argument where Ripple’s native crypto satisfies prongs of the Howey test. Read More XRP News Here… As per the given scenario, the buyer paid money to Ripple in favor of XRP . This deal makes the buyer enter a common enterprise with Ripple and directs that a profit was e...

Also Read: Coinbase Bags Another Win Against US SEC In Crypto Rulemaking Case advertisement Ripple To Lead Crypto Industry? Stuart Alderoty, Chief Legal Officer at Ripple mentioned that the Central Bank of Singapore has been able to build a workable framework to provide consumer protection, market integrity, and innovation, all together. The authority defined a direct taxonomy in its framework to classify and regulate digital assets. He added that these clear guidelines have helped crypto firms like Ripple to offer compliant products for users unlike in the U.S. Ripple Legal Chief targeted bears and their projected sentiments in the industry. He highlighted that regulatory clarity is the only thing that will help the crypto utility to move ahead to present real-world use cases. This major development for Ripple landed in when its legal battle with the U.S. Securities and Exchange Commission (SEC) is heading toward the much anticipated Summary Judgeme...