The second ruling in the LBRY Credits (LBC) lawsuit from the New Hampshire district court Judge further portrays that XRP and other altcoins are not securities as contended by the United States Securities and Exchange Commission (SEC).

To clarify the first verdict issued last November, the United States District Court of New Hampshire recently ruled that the sale of LBC tokens on secondary marketplaces — centralized and decentralized cryptocurrency exchanges — does not constitute a security. Also, the presiding Judge did not issue an injunction to prohibit the sales of LBRY Credits (LBC) as requested by the Gary Gensler-led SEC.

Following this latest development, which greatly excited the crypto community and particularly sparked hope in the XRP camp, the digital content hosting blockchain LBRY called on Coinbase to relist XRP. In stating why the largest US-based centralized crypto trading platform and exchanges should consider relisting XRP, LBRY cited that the outcome of the LBC lawsuit has created a precedent.