Pro-XRP lawyer warns about ruling that might influence Ripple lawsuit XRPArmy XRPCommunity XRPHolders $XRP
Hogan enjoins the XRP community to watch out for this ruling as a potential scenario might arise in the Ripple case with the SEC asking for a broad or vague injunction and Ripple thus seeking clarity from the judge.
However, the SEC refuses to provide such clarity and now seeks a broad-based injunction that is neither specific nor clear. The Commission has requested injunctive relief specifically against Odysee, an open-source video-sharing website that uses the LBRY network, which was split into a separate company on Oct. 1, 2021.
It believes that this is critical to ensuring that the Commission's requested relief is appropriately targeted and not imposed to harm public holders of the LBC regime for the digital asset industry.LBRY also argues that the Commission lacks jurisdiction to regulate digital assets or to impose relief until Congress develops a regulatory regime for the digital asset industry.
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