LBRY lost a year-long legal fight with the SEC last month.
SEC Claimed the firm issued and sold LBRY tokens which it considers securities.
After losing a battle with the SEC earlier this month, the business behind the blockchain publishing platform LBRY published a heartfelt tweet yesterday. Tweets sent by LBRY, Inc. on Monday said that the company had been “killed by legal and SEC debts.” A follow-up tweet from the firm clarified that the “LBRY protocol and blockchain will continue” even if LBRY Inc “must die.”
It was announced earlier last month that LBRY, Inc., the company behind the LBRY protocol and blockchain, had lost a year-long legal fight with the SEC. The SEC is seeking fines of $20 million, according to LBRY, Inc. CEO Jeremy Kauffman, although the business does not yet have a precise amount.
Claim of Unregistered Securities
The regulatory agency has claimed that the corporation issued and sold LBRY tokens which it considers as unregistered securities. LBRY, Inc.
We współpracy z: https://thenewscrypto.com/lbry-shares-post-criticizing-sec-over-killing-the-firm/
