'The man has has no clue what is or isn’t an investment contract aka, a security,' Deaton said.
John E Deaton – a US attorney who represents thousands of Ripple investors in the lawsuit against the US Securities and Exchange Commission – launched another bashing manifest towards the agency’s Chairman – Gary Gensler.
However, a court decision from mid-July determined that the sales did not constitute an offer of investment contracts. Apart from striking the SEC’s ambition to win the case, the ruling positively affected XRP’s price, which
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