Pro-XRP Lawyer Explains Adapted Howey Test "Torres Doctrine" To Crypto Industry
John Deaton Explains the Significance of “Torres Doctrine” to the Crypto Industry Pro-XRP lawyer John E. Deaton on July 19 said the “Torres Doctrine” is a strict application of the Howey Test to modern-day blockchain technology and crypto assets. Judge Torres strictly applied the Howey Test to each type of XRP sales that the US SEC claimed violated the securities laws. advertisement US Congressman Richie Torres in a letter to SEC Chair Gary Gensler noted Judge Torres’ decision as the “Torres Doctrine”, an adapted Howey Test for the crypto industry. It will help bring legal clarity to crypto regulation in the US amid SEC’s failure to regulate crypto and taking regulation by enforcement approach. “THE TORRES DOCTRINE” AS IT HAS BEEN CALLED IS SIMPLY A STRICT APPLICATION OF A 1946 TEST TO MODERN DAY BLOCKCHAIN TECHNOLOGY. Judge Torres did a strict application of the Howey Test to each type of # XRP sale ...