XRP Holders’ Attorney Deaton Reacts as Former SEC Commissioner Analyzes Howey Test. For years, the SEC has used the U.S. Supreme Court’s Howey case to determine whether a cryptocurrency project qualifies as an investment contract to enable its classification as a security. The Howey Case The case involved the sale of orange groves to […]The post Former SEC Commissioner Says Supreme Court Never Labeled The Orange a Security in Howey Case, Deaton Reacts first appeared on The Crypto Basic.