LBRY Sold Tokens as Securities, Federal Judge Rules

&gt; One significant case the LBRY ruling could impact is the SEC’s suit against Ripple Labs and two of its executives, who have been charged with selling $1.3 billion in unregistered securities. Much like LBRY, Ripple Labs’ defense has hinged on its claim that its native token XRP is not a security.<p>The precedents being set with these cases will have an enormous ripple effect on crypto and web3 companies.

&gt; <i>&quot;The SEC vs LBRY case establishes a precedent that threatens the entire US cryptocurrency industry. Under the SEC vs LBRY standard, almost every cryptocurrency, including Ethereum and Doge, are securities. The future of cryptocurrency in the US now rests in with an organization even worse than the SEC: the United States Congress,&quot; he [LBRY founder Jeremy Kauffman] said.</i><p>I thought this case was just one more of many, that had all gone this same way. What exactly is supposed to make this case different?