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{Dependant on the Fee’s definition of XRP in its lawsuit, the copyright would move the Howey test, and according to SEC polices, all securities need to be registered.​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​â€