Ripple CTO David Schwartz has highlighted a part of LBRY’s final ruling considered a victory for LBC token holders. David Schwartz, CTO at Ripple, has joined other top cryptocurrency stakeholders to react to Judge Paul Barbadoro’s final ruling on the SEC v. LBRY case. Despite efforts by attorney John Deaton and LBRY attorneys to get Judge […] The post Ripple CTO Says This Part of LBRY Final Ruling Is Still A Victory first appeared on The Crypto Basic.

Ripple CTO Says This Part of LBRY Final Ruling Is Still A Victory

Ripple CTO David Schwartz has highlighted a part of LBRY’s final ruling considered a victory for LBC token holders.

David Schwartz, CTO at Ripple, has joined other top cryptocurrency stakeholders to react to Judge Paul Barbadoro’s final ruling on the SEC v. LBRY case.

Despite  efforts by attorney John Deaton and LBRY attorneys to get Judge Barbadoro to clarify that LBRY Credit (LBC) itself is not a security, the judge refused to do so.

Notably, Judge Barbadoro  said the issue of providing clarity for LBC was not litigated. As expected, crypto community members, including attorney Deaton, expressed disappointment with the judge following his refusal to declare that the token itself is not the security.

Ripple CTO Reacts

Interestingly, Ripple’s CTO believes Judge Barbadoro’s final ruling on the LBRY case is still a victory. Schwartz made this known while reacting to Deaton’s tweet regarding the development.

According to Schwartz, the judge clarified that the ordinary use of LBRY Credit does not violate the injunction.

For context, the judge  said

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