XRP Lawyer: US SEC Hiding Secret Howey Memo To Protect Itself
Also Read: Whale Transfers 40 Mln XRP From Binance To Unknown Wallet Amidst On-Chain Activity Boost advertisement XRP Secret Howey Memo The secret memo dates back to June 2018, when Ripple Labs CEO Brad Garlinghouse and CTO David Schwartz raised questions to Hinman former SEC Chair Jay Clayton. Deaton asked why was it that the document was not out in public if the SEC officials have argued that the sale of XRP was unregulated securities. “How come the Howey memo isn’t an exhibit? How come Jay Clayton and William Hinman didn’t say XRP sale was clearly a security? Because at best the memo said XRP was given away by Ripple for a non-investment purpose.” Deaton explained that the fact that XRP can be shown as not a security in many ways makes the Howey memo an important finding. The attorney argued that the memo would likely have suggested for the SEC that it was inconclusive but it may very well have suggested for Ripple that XR...