I believe LBRY and Ripple are largely fighting the same battle, as far as I can understand from lawyers like Jesse Hynes and Jeremy Hogan.
I also believe the SEC is relatively poorly equipped to win this cases. What we can do as token holders primarily is to clearly voice that the SEC is hurting us, and not helping us in any way, by labelling these tokens as securities.
Why do I think this is important? Because the SEC's very existence is based on protecting the consumers. If evidence strongly points in the opposite direction, then in my humble opinion it will probably mean that (a) the SEC is more likely to lose and (b) the regulations are more likely to be modified even if the SEC wins.
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I'm not that optimistic about it, but I hope you're right.
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