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Howey
3 test, which held that an
investment contract exists when there is the investment
of money in a common enterprise with a reasonable expectation of
profits to be derived from the efforts of others.
Details of the U.S. complaint
The SEC Complaint alleges that from 2013 to the present, Ripple
raised over $1.38 billion through the unlawful offer and sales of
securities in violation of Sections 5(a) and 5(c) of the Securities
Act of 1933. The individual defendants include Christian Larson,
co-founder and former CEO, and Bradley Garlinghouse, the current
CEO of Ripple.
4
It is alleged that the sales of XRP coins were made to fund ....

United States , Bradley Garlinghouse , David Schwartz , Christian Larson , Ontario Securities Commission , Coinlaunch Corp , Ripple Labs Inc , Pacific Coast Coin Exchange , Exchange Commission , Us Supreme Court , Delaware Chancery Court , Ripple Labs , Canadian Supreme , Cryptocurrency Offerings , Coinlaunch Settlement , North America , Operation Cryptosweep , Securities Act Sections , Coast Coin Exchange , ஒன்றுபட்டது மாநிலங்களில் , பிராட்லி கார்லிங்ஹவுஸ் , டேவிட் ஸ்க்வார்ட்ஸ் , கிறிஸ்துவர் லார்சன் , ஆஂடேரியொ பத்திரங்கள் தரகு , சிற்றலை ஆய்வகங்கள் இன்க் , பெஸிஃபிக் கடற்கரை நாணயம் பரிமாற்றம் ,