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Cardano Founder Suggests Ripple Test Could Replace Howey Test Amid SEC Appeal

  • Cardano founder Charles Hoskinson suggests the 'Ripple Test' as a potential replacement for the Howey Test in determining securities.
  • Ripple's Chief Legal Officer expresses disappointment with the SEC's appeal but remains ready to defend the company's position.
  • The Ripple case could potentially reshape the legal framework for cryptocurrencies if the court upholds the current decision.
  • The U.S. Court of Appeals for the Second Circuit will determine if the Ripple Test becomes a precedent in crypto asset classification.

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