Cardano Founder Proposes “Ripple Test” as Potential Replacement for Howey Test
Cardano founder Charles Hoskinson suggested that the “Ripple Test” could replace the Howey Test as the legal standard for determining securities. Ripple’s Chief Legal Officer Stuart Alderoty expressed disappointment with the SEC’s appeal but assured that Ripple is ready to defend its position. Charles Hoskinson, founder of Cardano, recently mocked the U.S. Securities and Exchange…