Unearthed SECGov emails hint that XRP might not be a security, failing to meet all Howey Test conditions
that there are reasonable grounds to believe that XRP, the controversial cryptocurrency associated with blockchain company Ripple, does not meet all elements of the Howey Test, and thus, might not be classified as a security.
Deaton expressed confusion as to why the potential implication of these emails was not given more prominence by Ripple's legal team.
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