Attorney Jeremy Hogan, a partner at Hogan & Hogan law firm, recently shared a document proving that XRP does not maintain the status of a security outside the context of its initial contract.
This document serves as an important piece of evidence that XRP is not a security since it is not dependent on the security status of its initial contract. In a tweet accompanying the document, Attorney Hogan stated:
Very interesting document. It says in the context of an initial contract, the status of XRP as a security may be arguable. But, without that initial contract, the status of XRP as a security ceases. In other words, XRP is not a security outside of its initial contract.
The document is an important legal finding, as it affirms the claim that XRP is not a security in the absence of the initial contract.
The post Top Lawyer Shares New Doc Proving XRP Isn’t a Security “Outside Its Initial Contract” first appeared on The Crypto Basic.
