A US judge’s ruling on the LBRY case may have an impact on the ongoing lawsuit between Ripple and the SEC. The judge’s decision does not express an opinion on whether the registration rule applies to the sale of LBRY Credits (LBC) in the secondary market. However, the judge clarified that LBC is considered a security only when the sale is made directly. The SEC is still seeking to classify XRP as a security, and the ruling could guide how the presiding judge in the Ripple case will rule. Ripple CEO Brad Garlinghouse remains optimistic about the outcome.
AI Sentiment: Neutral
