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Pro-XRP attorney John Deaton believes the documents will help Ripple and Coinbase in the Court of Public Opinion. With Hinman’s emails expected to be made public tomorrow, crypto community members continue to speculate the extent of the document’s impact on the crypto industry and the SEC’s intense crackdown. Notably, Hinman’s emails are related to the drafts of former SEC official William Hinman’s June 2018 speech on cryptocurrencies. In a tweet yesterday, CryptoLaw founder attorney John Deaton said Hinman’s emails would not change the application of Howey. However, the documents will show the difficulty in applying the 1930s/40s precedent to modern-day technology. Howey Test Analysis It bears mentioning that the Howey test is a legal test used in the US to examine whether a transaction constitutes an investment contract. It was established in 1946 by the United States Supreme Court in the lawsuit between the SEC and W.J. Howey Co. Under Howey, a transaction requires an investment of money in a common enterprise with the expectation of profit from the efforts of others. A transaction is deemed a security once it satisfies all prongs of the Howey test. Since Howey’s inception, the test has been applied in numerous securities-related lawsuits, including

Pro-XRP Lawyer Highlights How Hinman Emails Will Help Ripple and Coinbase

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