New email details suggest that the US Securities and Exchange Commission (SEC) believe there are “reasonable grounds” to conclude that XRP is not a security, according to a pro-XRP lawyer following the ongoing Ripple vs SEC case. The lawyer, John Deaton, made the comments after finding references to SEC emails in arguments submitted by Ripple to court. “Exhibit 220 is part SEC emails: XRP is mentioned and that there are reasonable grounds XRP doesn’t satisfy ALL Howey factors. HUGE,” commented Deaton on Twitter. Deaton also suggested the emails could be a game-changer in Ripple’s favour if the case goes to a jury. Ripple is being sued by the SEC for allegedly selling unregistered securities in the form of XRP.
