Change of direction in the Lbry process: Judge Barbadoro records as a security after another examination on the status

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Von: Krypto News Österreich

Der jüngste Twitter-Post von John E. Deaton, einem Pro-XRP-Anwalt, gibt Aufschluss über die Entscheidung von Richter Barbadoro in Bezug auf die Frage, ob das Kryptowährungs-Token LBC als Wertpapier angesehen werden sollte. Deaton gab bekannt, dass er Richter Barbadoro kontaktiert habe, um Klarheit in dieser Angelegenheit zu erlangen. In dem relevanten Tweet erklärte Deaton, dass er den Richter gebeten habe, klarzustellen, dass das Token selbst kein Wertpapier sei, wie es Richter Castel in einer ähnlichen Angelegenheit mit Telegram getan hatte. Allerdings lehnte Richter Barbadoro Deatons Bitte ab und erklärte, dass die konkrete Angelegenheit nicht Gegenstand eines Rechtsstreits sei und er an …
The latest Twitter post by John E. Deaton, a Pro-XRP lawyer, provides information about the decision of judge Barbadoro with regard to the question of whether the cryptocurrency token LBC should be regarded as a securities. Deaton announced that he had contacted judge Barbadoro in order to obtain clarity on this matter. In the relevant tweet, Deaton said that he asked the judge to make it clear that the token itself was not a security, as judge Castel had done in a similar matter with Telegram. However, judge Barbadoro Deatons, please and explained that the specific matter was not the subject of a legal dispute and that he was ... (Symbolbild/KNAT)

The latest Twitter post by John E. Deaton, a Pro-XRP lawyer, provides information about the decision of judge Barbadoro with regard to the question of whether the cryptocurrency token LBC should be regarded as securities. Deaton announced that he had contacted judge Barbadoro to obtain clarity on this matter.

In the relevant tweet, Deaton said that he asked the judge to make it clear that the token itself was not a security, as judge Castel had done in a similar matter with Telegram. However, Judge Barbadoro Deatons refused and explained that the specific matter was not the subject of a legal dispute and that he believes in the exercise of judicial reluctance.

This decision represents a U -turn of what judge Barbadoro found in an appeal hearing in January. At that time, Deaton had convinced the judge that the second sale of LBC was not an offer of a security. In this appeal hearing, the judge made it clear that LBC is only considered to be security if the sale is done directly.

Furthermore, the SEC admitted that LBC sales on the secondary market do not represent a securities. Although the SEC won a summary judgment in November 2022, it agreed in a later appeal hearing to a fine of $ 22 million. Later the SEC revised this number and instead called for a fine of $ 111,000 because Lbry's financial situation was very weak at that time.

The final judgment in the SEC case against Lbry is still pending. Jeremy Hogan, a lawyer and Ripple lawyer based in the USA, expects district judge Analisa Torres to announce her judgment in the coming months. Hogan also believes that this judgment will not play a major role for the average XRP holder.

It remains exciting how the final judgment will be in the case of SEC against Lbry and whether a similar result is possible in the Ripple case. Crypto enthusiasts and investors will carefully observe the decisions of the courts.