LBRY Loses SEC Case, Calls Ruling a ‘Threat to the Cryptoverse’ By CoinEdition

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LBRY Loses SEC Case, Calls Ruling a ‘Threat to the Cryptoverse’

Cryptocurrency Nov 30, 2022 10:00AM ET

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LBRY Loses SEC Case, Calls Ruling a ‘Threat to the Cryptoverse’

SEC wins ruling in court against LBRY’s unregistered securities.
The court also dismissed the fair notice claim made by LBRY.
Jeremy Kauffman said SEC vs LBRY case “threatens the entire U.S. crypto industry.

LBRY lost the lawsuit to the US government agency, the Securities and Exchange Commission (SEC), for marketing unregistered securities. The content-sharing corporation LIBY shared the news with its crypto community by throwing shade at the SEC.

The announcement stated that “since any information given privately to the SEC ends up leaking, we’d like to be upfront about the fact that LBRY Inc. will likely be dead in the near future.”

Since any information given privately to the SEC ends up leaking, we'd like to be upfront about the fact that LBRY Inc. will likely be dead in the near future.We expect the LBRY mission to continue on, but the company itself has been killed by legal and SEC debts.
— LBRY (@LBRYcom)

The post LBRY Loses SEC Case, Calls Ruling a ‘Threat to the Cryptoverse’ appeared first on Coin Edition.

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Comments (1)

Harry Jack Nov 30, 2022 1:35PM ET

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LBRY Loses SEC Case, Calls Ruling a ‘Threat to the Cryptoverse’

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