LBRY says it ‘will likely be dead’ following SEC loss

Cointelegraph

Published Nov 30, 2022 07:54PM ET

Updated Nov 30, 2022 09:40PM ET

The firm behind the decentralized content platform LBRY said its days are likely numbered following its recent loss against the United States Securities and Exchange Commission (SEC) in court.

The SEC initially took LBRY Inc to court in Mar. 2021 over its LBRY Credit (LBC) tokens, alleging that the firm had been conducting unregistered securities offerings since 2016.

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