Ripple vs SEC: Big Procedural Win for XRP, Former SEC Official Allowed to Testify

In 2018, the Securities and Exchange Commission (SEC) official William Hinman argued that Ethereum is sufficiently decentralized and therefore can’t be considered a security. At the time, the SEC decision was received positively by the crypto community, however, it received a fair bit of scrutiny by legal experts as it inadvertently introduced unprecedented addition to the so-called Howey Test, a US Supreme Court’s ruling on what constitutes a security.

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