Look at footnote 16. Judge Torres cites the January 30 hearing in the @LBRYcom that I appeared as Counsel for @naomibrockwell and argued that the judge must clarify that his ruling does not apply to secondary market sales. Judge Torres cites the page where the LBRY Judge promises…

The Ripple case should end the SEC vs Coinbase lawsuit.

The Ripple case is a monumental development in establishing that a token is separate and distinct from an investment contract it may or may not be part of. Now, let’s make it law. 👇

Now that a federal court has mostly ruled in favor of Ripple, @GaryGensler and other SEC officials should personally apologize to @bgarlinghouse and all Ripple employees and users. That would be the right and honorable thing to do.

*All secondary sales are not _intrinsically_ securities offerings would be a more precise way of phrasing this, since some secondary sales may still be offerings. Either way, there are now at least some rules that can be followed, which is what SEC was trying to avoid.

All secondary crypto sales are not securities offerings! 🥳🍾🚀 EVERYONE owes Ripple for this win that they generated for the entire industry. Thank you for patching the boat @bgarlinghouse @chrislarsensf @s_alderoty @johnedeaton1

We examined whether state-level nullification of federal securities law is possible and came to the conclusion that it wouldn't be. However, if anyone smarter than us has ideas on how to fix regulatory issues at the state level, these guys would be interested.

The American federal government treated us with hostility and abuse, but our own state government in New Hampshire made efforts to defend LBRY. They included this favorable text in a state report on crypto last winter. Thank you to @RepKeithAmmon and @Stevens_NH in particular.

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Prometheum was just awarded a Special Purpose Broker-Dealer license from the SEC. This license was denied to Coinbase, Robinhood, and all other US exchanges. Promotheum is the only exchange to support the SEC's kafkaesque policy agenda. It has financial ties to key Democrats.

Abolish the SEC.