Bad news for Ripple? LBRY judge passes ruling on if secondary crypto sales are securities
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.
Auto Added by WPeMatico
LBRY says it ‘will likely be dead’ following SEC loss
LBRY Inc noted that while the company is on its last legs, the underlying protocol and blockchain behind the content platform will carry on.
New Hampshire Court Sides With SEC in Lawsuit Against LBRY, Project’s Team Says Loss Sets a ‘Dangerous Precedent’
The U.S. Securities and Exchange Commission (SEC) has won a court case against the blockchain-powered publishing platform LBRY. According to a New Hampshire district court ruling, Judge Paul Barbadoro agreed…