XRP lawsuit News report:The Foreign Securities Trading Federation (SEC) finally reached an agreement to call the data encryption token "security". According to sources, at the latest hearing of the LBRY lawsuit, the SEC recognition token itself is not a kind of securities. However, this determination will be made after the European Commission receives and makes a summary ruling on the usefulness.
Sure enough, the newly released hearing system in the LBRY v. SEC lawsuit is good news for the password community as a whole, especially for XRP holders. The United States District people's Court listened carefully to verbal arguments about available preventive measures. John Deaton, an amicus curiae in the XRP lawsuit, also submitted a home text message about the LBRY case.
Based on the small details, the judge must determine whether the encrypted assets that allow users to push orders to the Internet reflect the company's financing plans. The European Commission expects judges to issue a broad ban on the sale of LBRY tokens, in which the tokens themselves become securities.Click here to read more XRP lawsuit news reports.
Ford Fox Business Services TV reporter Eleanor Trette reported that the SEC instructor who participated in the LBRY lawsuit officially admitted that the sale of LBC tokens in the secondary market did not constitute securities. The lawyer said the judge mentioned an article when he drove the federation to deal with it.
Sure enough, Jackie ruled that in the LBRY case, the secondary market trading of LBRY tokens conducted by people who had nothing to do with LBRY was reasonable. This may immediately open up an example for XRP holders in long-running XRP lawsuits.
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Tue, 18 Apr 2023