Crypto Agency LBRY Intends to Attraction SEC Lawsuit Ruling Alleging It Violated U.S. Securities Legal guidelines



The SEC filed swimsuit in 2022 alleging the blockchain-based file-sharing community had violated federal securities legal guidelines with the sale of its native LBRY credit (LBC), which the agency maintained weren’t securities. A New Hampshire choose dominated in favor of the SEC in November and the ultimate ruling was filed on July 11. Following the ruling, LBRY said it would shut down.

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