1
John Deaton objects that the memo concluded XRP being security.
2
U.S. SEC enforcement lawyers have written the memo.
Sandy Seth, a fellow X (formerly Twitter) user, asked Bill Morgan if the SEC presented a memo that confirms that XRP did not fulfill the Howey Test. Bill Morgan, on August 27th replied that there was a memo the court did not order to be disclosed in which the Securities Exchange Commission (SEC) considered the issue. He thinks that he recalled John saying that had they concluded XRP was a security, the SEC would have disclosed it.
This question has activated a lot of arguments and discussions on the Ripple case which made Deaton reveal information about the contents of the memos. However, firm advocates for Ripple won against the SEC filing.
The Memo Information Was Not Available to the Public: Deaton
At first, Deaton disapproved of claims of disclosing that the memo drew inferences of XRP being security. He said that the information in
We współpracy z: https://www.thecoinrepublic.com/2023/08/29/security-arguments-raise-questions-regarding-undisclosed-xrp-memo/
