In recent updates, Ripple ally LBRY’s request that the court hear an oral argument for its motion to limit the SEC's remedies was granted, and the date was fixed for Jan. 30.

According to crypto lawyer John Deaton, who himself filed an amicus brief in the LBRY lawsuit, the Jan. 30 hearing regarding LBRY's motion to limit the SEC's remedies is arguably the most important crypto hearing to date.

(By Tomiwabold Olajide)