SEC menuduh LBRY menjual sekuritas yang tidak terdaftar

The SEC has filed charges against the decentralised LBRY library for selling unregistered securities. Similar claims from the U.S. regulator have already been made against the well-known startup Ripple, whose lawsuits are still pending.

In its document, the U.S. Securities and Exchange Commission stated that the blockchain platform LBRY traded unregistered securities from July 2016 to February 2021.

Now the regulator seriously intends to achieve a ban on the sale of the project tokens and recover 11 million dollars, which LBRY should return to investors with the help of a compensation fund. In addition, the final amount will include interest for the period before the court decision.

The LBRY team, in turn, addressed all representatives of the cryptocurrency community in their new tweet, asking to help them in the current situation. According to their version, if the SEC now gives pressure on them, the entire industry will be at risk. They also confirmed that their LBC tokens are not securities.

LBRY CEO Jeremy Kaufman said the SEC complaint demonstrates an outdated view of the economy by regulators that curbs innovation, accessibility and creativity.

The only visible result of a conflict at the moment is a fall in the LBC cryptocurrency rate by more than 21% - from $0.26 to $0.21, according to CoinMarketCap.

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