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

September 8, 2023
in Crypto Updates
Reading Time: 1 min read
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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.

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Tags: AllegingAppealCryptoFirmintendslawslawsuitLBRYrulingSECsecuritiesU.SViolated
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