Can the SEC vs Ripple Case Potentially Replace The Howey Test? Cardano Founder Suggests

The SEC has officially appealed its case against Ripple following a historical ruling on Aug. 7, in which Ripple was ordered to pay a $125 million civil penalty, although the regulator was asking for $2 billion. The motive is that the district court’s decision goes against long-standing Supreme Court precedents and established securities laws. Ripple’s … source: https://coinpedia.org/news/can-the-sec-vs-ripple-case-potentially-replace-the-howey-test-cardano-founder-suggests/