جج نے حکم دیا کہ LBC کی ثانوی فروخت SEC بمقابلہ LBRY اپیل میں سیکورٹی کے طور پر درجہ بندی نہیں کرتی ہے۔

The judge in a case brought by the U.S. Securities and Exchange Commission (SEC) against decentralized publishing platform LBRY Inc. ruled that the secondary sale of the LBRY Credits cryptocurrency, or LBC, does not qualify as the sale of a security. The ruling came in a Jan. 30 appeal filed by the SEC, reportedly to seek an injunction to prevent secondary sales. 

متعلقہ مضمون ملاحظہ کریں: 2023 میں ایک کرپٹو ریگولیٹری طوفان آنے والا ہے۔ کیا ہم اس کے لیے تیار ہیں؟

تیز حقائق۔

• The SEC filed a complaint against LBRY in March 2021, alleging it raised US$11 million through sale of the LBC token as an “unregistered security.”  On Nov. 7 last year, the court issued a summary judgment in favor of the SEC and classified the initial sale of LBC tokens as investment contracts.
• During Monday’s سماعت, the SEC asked the judge to clarify the first ruling, looking to prohibit all sales of LBC tokens.
• The judge said the previous ruling only applied to the direct sale of the token, not to secondary sales, an argument made by attorney John Deaton, who served as an amicus curiae in the case for tech journalist Naomi Brockwell.
• Deaton cited a paper by attorney Lewis Cohen that examined all the security lawsuits in the U.S. since the creation of the ہاور ٹیسٹ. The paper showed that no court acknowledged an underlying asset as a security.
• According to Deaton’s پیغامات, the judge “said his order does not apply to secondary market sales and he’s not going to issue the injunction sought by the SEC which arguably included secondary sales.” 
• Following the news LBC rose 35.9% in the 24 hours to 12:30 a.m. in Hong Kong, to trade at US$0.016. XRP, the token on the network of Ripple Labs that is also being sued by the SEC, rose 0.94% to change hands at US$0.40, according to CoinMarketCap اعداد و شمار.

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• ماخذ: https://forkast.news/headlines/judge-rules-secondary-sale-of-lbc-does-not-classify-as-security-in-sec-vs-lbry-appeal/