Tags: LBRY

Stuart Alderoty thanked Hester Peirce and suggested it might be time to submit an amicus brief.

The SEC commissioner said the regulator’s actions “forced a group of entrepreneurs to abandon what they built,” with LBRY announcing in October it planned to wind down operations.

Blockchain Firm LBRY Ceases Operations, Cites Insurmountable Debt

While celebrating a new court win in Ripple’s legal battle with the SEC, the community mourns the demise of LBRY, which some say was “regulated to oblivion.”

“Thank you to everyone who fought with us for online freedom,” the LBRY Inc team said.

XRP Advocate and Crypto Lawyer John Deaton Joins LBRY Lawsuit – Here‘s the Latest

Today in Crypto: Polygon Launches Phase 0 Towards Polygon 2.0, Ripple Opens Up Liquidity Hub to Brazil & Australia

Deaton is known for his active engagements in legal proceedings and discussions surrounding cryptocurrency regulations and legal actions.

Today in Crypto: Coinbase is in ‘Final Stages of Selecting Its EU Hub Location‘, Six Projects Get Investments from Base Ecosystem Fund, LBRY Appeals SEC-related Court Decision

Blockchain-based file-sharing and payment network LBRY is planning to pick up the fight against the federal regulator again after losing the battle in November last year.

In January, lawyer John Deaton persuaded the Judge in the SEC vs LBRY case that secondary LBC token sales don’t constitute a securities offering.

Today in Crypto: Samsung Reportedly Partners with Bank of Korea on Offline CBDC Payments, G7 Discussing Crypto, China to Train 500,000 Blockchain Professionals

(Mark Van Scyoc/Shutterstock)

The SEC originally wanted LBRY to pay millions of dollars in penalties, but now concedes the defunct firm can’t pay up that amount.

The Chamber of Digital Commerce has accused the SEC of trying to impose securities regulations via the “back door” of an insider trading lawsuit.

The probe is reportedly looking at certain offerings that Kraken has made to its United States customers that could be in breach of securities laws.

The token has still nearly doubled in price in the past seven days.