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