SEC Requests Reduced Fine for LBRY Due to Lack of Funds
The U.S. Securities and Exchange Commission (SEC) has asked the court to reduce the fine for decentralized platform LBRY from $22 million to $111,614 because of LBRY's lack of funds. According to a document filed by the agency in the District Court of New Hampshire, the S ...
LBRY Faces Regulatory Challenges as SEC Amends Fine in Landmark Lawsuit
The regulator made this decision in light of the organization's insolvency LBRY had previously lost a lawsuit with the SEC and the LBC token was recognized as a security The organization said that the decision in the case puts the platform on the verge of liquidat ...