SEC ‘Failed To Carry Its Burden As to Each of the Three Howey Elements’ in $XRP Case, Ripple’s Lawyers Say

Fintech firm Ripple has said that the U.S. Securities and Exchange Commission (SEC) hasn’t been able to provide that its sales of the $XRP token were investment contracts during the regulator’s lawsuit against it. The SEC sued Ripple and two of its executives in 2020, alleging they sold unregistered securities when they issued $1.3 billion