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 <li>Prominent crypto Lawyers John E Deaton and Bill Morgan trade opposing views on the recent ruling in SEC v. LBRY.</li> 
 <li>Judge Paul J. Barbadoro ruled that secondary sales of LBRY are not securities.</li> 
 <li>Morgan contends that the ruling plays into the SEC’s hands, while Deaton calls it “better than nothing”.</li> 
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 John E Deaton, an XRP lawyer and managing partner of Deaton Law Firm shared an optimistic take on a recent ruling in the SEC-LBRY case. The XRP attorney argued that Judge Paul J. Barbadoro’s decision to exclude the secondary sale of the LBRY token from the category of security, is “better than nothing”. 
 Previously, Deaton<a href="https://twitter.com/JohnEDeaton1/status/1678867465642573827?s=20" target="_blank" rel="noopener noreferrer nofollow"> </a>shared a Twitter thread detailing his request to the judge “to clarify that the token itself is not the security”. However, Deaton explained that the judge rejected his request, retaining his “judicial restraint”. Instead, the judge ruled, “I take no position on whether the registration requirement applies to secondary market offerings of LBC by persons or entities not subject to the injunction”. 
 Deaton asserted that the judge was “super conservative” and his decision has partially silenced the <a href="https://coinedition.com/tag/sec/" rel="noopener noreferrer nofollow">Securities and Exchange C…</a> 
 The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/leading-crypto-lawyers-split-over-judges-ruling-in-sec-v-lbry/">Leading Crypto Lawyers Split Over Judge’s Ruling in SEC v. LBRY</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.
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Leading Crypto Lawyers Split Over Judge’s Ruling in SEC v. LBRY

Coin Edition

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