LBRY is in the SEC’s firing line for selling unregistered securities. It claims the case could set a precedent that would affect much of the industry.
Blockchain company LBRY, Inc. has hit back at the Securities and Exchange Commission, saying a complaint filed against it threatens much of the crypto industry because it would define most tokens as securities. The SEC has been looking into the blockchain-based publishing platform LBRY, Inc. as part of a three-year investigation that started in May 2018.According to the complaint filed by the SEC, the platform is alleged to have sold unregistered securities across multiple avenues including to institutional investors and platform users between 2016 and 2020. The regulator is seeking a permanent injunction to prevent the company from selling more tokens, disgorgement of all funds received with interest, and to pay an undisclosed amount in civil penalties.LBRY developed a dec

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Źródło: https://cointelegraph.com/news/lbry-fires-back-at-sec-over-aggressive-and-disastrous-securities-complaint