Save LBRY
Save Crypto
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The SEC are dorks.
What is happening?
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The Securities and Exchange Commission has filed a case against LBRY, Inc. alleging that all distributions of LBRY Credits by LBRY, Inc. are unregistered securities offerings.
The SEC is claiming the LBRY token does not have utility and is not purchased for reasons of usage, which fortunately for everyone involved in cryptocurrency, makes this an extremely winnable case. Should LBRY, Inc. lose this case, it is likely that most other blockchain companies, as well as most individuals working on blockchain, would also be culpable.
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