SALES ARE SECURITIES

Summary from the TLDR Crypto newsletter

A US District Court judge chose against ruling on whether the secondary sale of LBRY tokens, LBC, constitutes a security. The ruling may have potentially served as a precedent for an impending decision on the SEC’s case against Ripple. Although the SEC won a summary judgment and initially settled for $22 million, it later requested a $111,000 fine due to LBRY’s dreary financial status.