Ripple CTO Speaks out on His XRP Holdings' Recent Value Change

Ripple's top executive told community about how his XRP stash has been changing value lately

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Schwartz gave a definition of an investment contract, which was, “If you bought an investment contract, then someone is obligated to do something for you even if it harms them to do it.”Conceptually, if you bought an investment contract, then someone is obligated to do something for you even if it harms them to do it.

Turning to the subject of the Howey test, which is used for ruling whether or not an asset can qualify as an investment contract, the Ripple CTO stated: “This isn't a hard and fast, black and white rule. It's a concept that has to be applied reasonably to complex factual situations.”

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