While the judge has delivered a final ruling on the LBRY vs. SEC case, he failed to rule on LBC’s security status, raising concerns for Ripple and XRP. The recent final ruling on the LBRY case by Judge Paul Barbadoro has sparked concerns within the XRP community regarding the forthcoming decision in the SEC vs. Ripple […] The post Final Ruling on LBRY Raises Concerns for Ripple and XRP first appeared on The Crypto Basic.

Final Ruling on LBRY Raises Concerns for Ripple and XRP

While the judge has delivered a final ruling on the LBRY vs. SEC case, he failed to rule on LBC’s security status, raising concerns for Ripple and XRP.

The recent final  ruling on the LBRY case by Judge Paul Barbadoro has sparked concerns within the XRP community regarding the forthcoming decision in the SEC vs. Ripple lawsuit.

Despite the victory for the Securities and Exchange Commission (SEC) in the LBRY case, the judge’s decision did not explicitly classify LBRY’s token, LBC, as a security or provide any clarity on its status.

This lack of clarity has created apprehension among XRP proponents, as they fear a similar outcome for Ripple, with the security status of XRP left unresolved.

The LBRY Case Ruling

In the LBRY case, the SEC successfully argued that LBRY, Inc. conducted unregistered securities offerings violating the Securities Act. The court granted the SEC’s motion for an injunction and imposed a civil penalty on LBRY.

However, Judge Barbadoro did not rule on whether LBC itself should be considered a security. This omission has led to criticism from pro-XRP attorneys who question the market guidance provided by the ruling and its potential impact on future regulatory decisions.

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