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The judge presiding over the SEC&rsquo;s case against the decentralized publishing platform LBRY has ruled that the secondary sales of LBC do not qualify as the sale of securities.&nbsp;

SEC Fails To Prohibit All LBC Sales

The post Ripple Vs SEC: Here&#8217;s What Traders Can Expect If Ripple Win The Lawsuit appeared first on Coinpedia Fintech News

Ripple Vs SEC: Here’s What Traders Can Expect If Ripple Win The Lawsuit

Key Points: The sale of LBRY Credits (LBC) tokens in the secondary market does not count as the sale of a security, the United States Securities and Exchange Commission (SEC) has publicly acknowledged. The agreement was reached on January 30 during an appeal hearing in the LBRY v. SEC case. Attorney John Deaton resolved a [&#8230;]

LBRY Case: SEC Settles On Security Claim, Community Hails It As Major Victory For Crypto

Bestandsdeling en betalingsprotocol LBRY heeft de strijd met de Amerikaanse Securities and Exchange Commission (SEC) verloren, aangezien een federale rechter oordeelde dat het bedrijf de effectenwetten heeft overtreden toen het LBRY Credits (LBC) verkocht. De SEC heeft in 2021 een rechtszaak aangespannen tegen LBRY waarin werd beweerd dat het in New Hampshire gevestigde bedrijf LBC [&#8230;]

SEC wint rechtszaak tegen LBRY, maar heeft dit invloed op de zaak tegen Ripple?

What impact could the LBRY ruling have on the legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC)? This is the question that attorney John E Deaton, who has 75,000 XRP investors behind him in his amicus brief, has tried to clarify. As revealed yesterday, the New Hampshire court found that [&#8230;]

This Is Why LBRY Judgement Has No Bearing On Ripple Vs. SEC

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&lt;!-- SC_OFF --&gt;&lt;div class=&quot;md&quot;&gt;&lt;p&gt;Many of you are likely aware that the SEC won its case against LBRY today. For those that don&amp;#39;t know about LBRY, LBRY, is/was a blockchain-based file-sharing and payment network that powers decentralized platforms, primarily social networks and video platforms. LBRY&amp;#39;s creators also created Odysee, an open-source video-sharing website that uses the network, and that was split into a separate company on October 1, 2021. Odysee was basically a decentralized youtube that allowed people to tip content creators.&lt;/p&gt; &lt;p&gt;The SEC sued LBRY last March and won its case today. The following information is from the SEC&amp;#39;s press release on the case: &amp;quot;[t]he SEC seeks permanent injunctive relief, disgorgement plus prejudgment interest, and civil penalties. The SEC&amp;#39;s complaint alleged that, from at least July 2016 to February 2021, LBRY, which provides a video sharing application, sold crypto asset securities called &amp;quot;LBRY Credits&amp;quot; to numerous investors, including investors based in the US. The complaint alleges that this was an offering and sale of securities under the federal securities laws, and that LBRY did not file a registration statement for the offering. The complaint further alleges that by failing to file a registration statement, LBRY denied prospective investors the information required for such an offering to the public.&amp;quot;&lt;/p&gt; &lt;p&gt;This case is relevant because it puts most of the cryptocurrency market/ industry in the SEC&amp;#39;s crosshairs. It is also relevant because the SEC will most likely use the LBRY ruling in its case against Ripple Labs, and probably the Coinbase employees that were charged with insider trading too. While it should be noted that LBRY relied on the fair notice defense, and Ripple Labs is arguing that XRP fails the Howey test, this really wasn&amp;#39;t great news to hear.&lt;/p&gt; &lt;p&gt;One of the SEC&amp;#39;s main arguments was that LBRY pre-mined its tokens, and kept a portion of those tokens for itself, and also that the LBC token did not have a use case when it was first created. How do you think centralized exchange tokens like BNB , CRO, FTT, Gemini dollar and others will be affected by this ruling? What about Tether?&lt;/p&gt; &lt;p&gt;I think that each coin/its founders will have to argue that their token fails the Howey test, or that fair notice was not given. I don&amp;#39;t think that the LBRY ruling will act as a blanket ban on the cryptos we know and love. I do think that the cryptocurrency industry will continue to feel uneasy while current and additional SEC cases are litigated. I think it is annoying that the SEC can say &amp;quot;you didn&amp;#39;t give prosepctive investors information required for such an offering&amp;quot; when no one knows shit about fuck. Being more serious, it&amp;#39;s annoying that while the SEC is arguing securities laws were broken, it is ultimately the hodlers of the tokens that are harmed by the decrease in price that inevitably results from a crypto being deemed a security.&lt;/p&gt; &lt;p&gt;It&amp;#39;s my opinion that bitcoin is probably the most safe (as everyone has been saying) from the SEC. For the short-mid term, that&amp;#39;s what I will be focusing my DCA on.&lt;/p&gt; &lt;p&gt;So, what are everyone&amp;#39;s thoughts on today&amp;#39;s ruling? How do you feel? Are you buying more, keeping your DCA, or holding off until more news? Wen Lambo?&lt;/p&gt; &lt;p&gt;&amp;#x200B;&lt;/p&gt; &lt;p&gt;TLDR: SEC won its case against LBRY today. How are you feeling about it?&lt;/p&gt; &lt;p&gt;Edit: updated information about the Coinbase employees the SEC charged with insider trading. &lt;/p&gt; &lt;/div&gt;&lt;!-- SC_ON --&gt; &amp;#32; submitted by &amp;#32; &lt;a href=&quot;https://www.reddit.com/user/Emergency_Dragonfly4&quot;&gt; /u/Emergency_Dragonfly4 &lt;/a&gt; &lt;br/&gt; &lt;span&gt;&lt;a href=&quot;https://www.reddit.com/r/CryptoCurrency/comments/yp980j/how_is_everyone_feeling_after_the_sec_v_lbry/&quot;&gt;[link]&lt;/a&gt;&lt;/span&gt; &amp;#32; &lt;span&gt;&lt;a href=&quot;https://www.reddit.com/r/CryptoCurrency/comments/yp980j/how_is_everyone_feeling_after_the_sec_v_lbry/&quot;&gt;[comments]&lt;/a&gt;&lt;/span&gt;

How is everyone feeling after the SEC v LBRY ruling?

The crypto company behind a peer-to-peer digital marketplace, LBRY, lost its legal battle against the U.S. Securities and Exchange Commission (SEC). The regulator filed a lawsuit against the crypto platform over the alleged illegal sales of an unregistered security, its native token LBRY Credits (LBC).  Related Reading: British Bank Santander To Block Transfers To Crypto [&#8230;]

Is Crypto In Danger After LBRY’s Defeat Against The SEC?

A United States court has ruled in favor of the Securities and Exchange Commission (SEC) in its case against LBRY, as it ruled that the blockchain network offered its LBC token to investors as a security. 

LBRY tanks 35% as US court declares it security

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&lt;!-- SC_OFF --&gt;&lt;div class=&quot;md&quot;&gt;&lt;p&gt;District Judge just ruled that the LBC token is a security and not a utility token. LBC was one of the earliest tokens in the market, it was a POW mining token that had utility in the LBRY ecosystem. &lt;/p&gt; &lt;p&gt;In ruling it to not be a utility token but a security, this will threaten every other coin or token. LBRY had intended to grow the value of LBC token by building utility into the LBRY network. However this was judged to be a security offering. If this is the standard, then virtually every other token is also a security. &lt;/p&gt; &lt;p&gt;These are the statements from LBRY&amp;#39;s founder:&lt;/p&gt; &lt;blockquote&gt; &lt;p&gt;The SEC vs LBRY case establishes a precedent that threatens the entire US cryptocurrency industry. &lt;/p&gt; &lt;p&gt;Under this standard, almost every cryptocurrency, including Ethereum and Doge, are securities. &lt;/p&gt; &lt;p&gt;The future of crypto now rests with an org worse than the SEC: the US Congress&lt;/p&gt; &lt;/blockquote&gt; &lt;p&gt;Link to the court order -&lt;/p&gt; &lt;p&gt;&lt;a href=&quot;https://odysee.com/@lbry:3f/secvslbrysummaryjudgementruling:a&quot;&gt;https://odysee.com/@lbry:3f/secvslbrysummaryjudgementruling:a&lt;/a&gt;&lt;/p&gt; &lt;/div&gt;&lt;!-- SC_ON --&gt; &amp;#32; submitted by &amp;#32; &lt;a href=&quot;https://www.reddit.com/user/Set1Less&quot;&gt; /u/Set1Less &lt;/a&gt; &lt;br/&gt; &lt;span&gt;&lt;a href=&quot;https://www.reddit.com/r/CryptoCurrency/comments/yovsnk/us_judge_has_just_ruled_in_the_lbry_case_that_lbc/&quot;&gt;[link]&lt;/a&gt;&lt;/span&gt; &amp;#32; &lt;span&gt;&lt;a href=&quot;https://www.reddit.com/r/CryptoCurrency/comments/yovsnk/us_judge_has_just_ruled_in_the_lbry_case_that_lbc/&quot;&gt;[comments]&lt;/a&gt;&lt;/span&gt;

US Judge has just ruled in the LBRY case that LBC token is a security. SEC has won and LBRY has lost. This is a dark day for US crypto

The post LBRY vs. SEC: Kauffman Claims That SEC Is Out To Destroy The Crypto Markets appeared first on Coinpedia Fintech News

LBRY vs. SEC: Kauffman Claims That SEC Is Out To Destroy The Crypto Markets

The Ripple versus the SEC case has been the talk of the town for quite some time now. The crypto community was focused on it to see how a case pertaining to alleged cryptocurrency offerings being a security - would fare in court. But a lesser-known case might just provide clarity first - the SEC’s suit against LBRY scheduled for trial in September 2022.

How the resolution of LBRY vs. SEC case can impact the ongoing case against Ripple

LBRY, Inc., a crypto company behind a P2P digital marketplace powered by a native token, has been in a legal with the U.S. Securities and Exchange Commission (SEC). Similar to payment company Ripple, the regulator accused LBRY of illegal sales of security with the token LBRY Credits (LBC). Related Reading &#124; Ripple Could Beat SEC? [&#8230;]

LBRY Credits Price