Crypto Firm LBRY Intends to Appeal SEC Lawsuit Ruling Alleging It Violated U.S. Securities Laws

The SEC filed go well with 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 stated it might shut down.