In a series of tweets today, famous blockchain lawyer John Deaton explains the shortcomings in the US Securities and Exchange Commission’s (SEC) claim that Ripple’s native blockchain token, XRP, constituted a security contract. Deaton first quoted a 2018 provision of the US corporate finance regulation. The rule says: The digital asset itself is simply code. The post Lawyer Clarifies the Flaws in SEC’s Claim that XRP Is a Security appeared first on Coin Edition .
