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A comment on LBRY Sold Tokens as Securities, Federal Judge Rules.

Re:LBRY Sold Tokens as Securities, Federal Judge Rules by peterth3 on Monday November 07, 2022 @06:54PM (#33514252)
> One significant case the LBRY ruling could impact is the SEC’s suit against Ripple Labs and two of its executives, who have been charged with selling $1.3 billion in unregistered securities. Much like LBRY, Ripple Labs’ defense has hinged on its claim that its native token XRP is not a security.

The precedents being set with these cases will have an enormous ripple effect on crypto and web3 companies.

[ Parent | on HN ]
Re:LBRY Sold Tokens as Securities, Federal Judge Rules by smoldesu on Monday November 07, 2022 @07:00PM (#33514303)
Sounds good to me. Hopefully this action against a largely benign organization will scare the bad actors into doing the right thing.
[ Parent | on HN ]