Low-Cap Crypto Asset Surges 219% After Contentious SEC Decision – Could XRP Do the Same?
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Summary:- Find Out More -LBRY’s native token LBC is in the midst of a parabolic run-up following new developments relating to its battle with the U.S. Securit

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After the war between LBRY and the United States Securities and Exchange Commission (SEC) has made significant progress, LBRY's local token LBC is in a period of hyperbolic development.

In November last year, after a federal government judge ruled that its sale of LBC violated the securities law, the document sharing and payment agreement lost a lawsuit in the Foreign Securities Trading Association (SEC).

The war between LBRY and the SEC has led to the concern of Ripple and XRP advocates. Since its community can once again withstand similar struggles with the regulatory authorities, the regulatory authorities reprimanded Ripple Laboratory for selling XRP as unregistered securities at the end of 2020.

After being sued, the SEC expects the judge to respond that LBC meets the qualification of unregistered securities during LBRY's immediate sale of tokens and its second sale period. However, it is reported that the judge indicated that his ruling on LBRY is not suitable for secondary market sales, implying that LBC is not a security.

Robert Deaton represented XRP holder as a lawyer's home in Ripple's lawsuit and spoke on behalf of LBRY in court. He pointed out in the recent resource update that the judge has determined that its ruling is not suitable for secondary market sales.

"Then he said to me, 'Amicus... I want to make it clear that the order details are not suitable for secondary market sales.' He said, 'So this actually makes you satisfied, right?'

I stood up and said, "That's great... If you can think about how the token itself is not a safe language?" He smiled and said, "I am a minimalist." So he put it there, but when you think about it, if he said that the secondary market sales are not fully developed, then the token is not likely to be a security. If the token itself is a kind of security, that means it should be a kind of debt no matter when it is sold. "

At the time of writing this article, LBC has risen 140% in the past three days, up 219% at one time, from the bottom of US $0.0103 to US $0.0329. At this stage, its total market value is only $17.8 million, although it has rebounded, it is still 98% lower than its historical peak.

Jeremy Hogan, an expert and scholar on data encryption, is famous for his concern about Ripple's lawsuit. He understands what LBC's ruling and the subsequent price increase mean for XRP, because Ripple is a company with higher operating scale and higher profits.

"The following is the weekly chart of LBC (up 100%). LBRY has completely lost the lawsuit in SEC and will close down.

What does this mean compared to XRP?

Invite friends.:) “

From: Jeremy Hogan/Twitter

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