Ripple ally hearing impacts LBC token with a 140% boost in price $LBC LBRY XRPArmy XRPCommunity XRPHolders $XRP XRP
, who filed an amicus brief in the case as well as made an appearance at the hearing, shared the details of what transpired in court.
He continued,"When you think about it, if the token itself were a security, then his ruling would apply to secondary sales because it would always be a security." Deaton pleaded with the judge to clarify his ruling because it was interpreted to include secondary sales.The judge replied that he would make it very clear that his order does not include secondary sales. He then forced the SEC to agree that they were not pushing for that.
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