Is the Howey Test Still Relevant? Ripple’s Alderoty Questions SEC’s Approach

Ripple’s Chief Legal Officer, Stuart Alderoty, reignited debate over regulatory clarity in the cryptocurrency space, criticizing a pivotal 2018 speech by former SEC Director William Hinman as a “fairy tale.” Alderoty argued that Hinman’s speech, which suggested cryptocurrencies could “magically morph” between securities and non-securities, has created confusion in the market. Alderoty’s comments came in The post Is the Howey Test Still Relevant? Ripple’s Alderoty Questions SEC’s Approach appeared first on Coin Edition .

Source: Coin Edition