In a deep analysis and discussion on Twitter, attorney Jeremy Hogan has elucidated the definition of an “investment contract” and its importance in the case of XRP. Through the lens of the “Howey” case and its subsequent cases, Hogan painstakingly explained the definition of an enforceable agreement and the implications of the SEC argument. Hogan's arguments showed that the investment purchase agreement is the cornerstone of XRP's legal argument and the SEC has not made the case for an implied or explicit “investment contract” between Ripple and XRP purchasers. Thus, the discussion of whether XRP is or isn't a security continues.
Mary King
- 2023-04-09
A Look at Investment Contracts and XRP Through the Lens of the Howey Case
Attorney Jeremy Hogan analyzes the definition of an "investment contract" and its importance to the case of XRP through the lens of the "Howey" case. Hogan's arguments demonstrate that there's no implied or explicit "investment contract" between Ripple and XRP purchasers.
