Ripple CLO and XRP community back SEC commissioner’s LBRY lawsuit dissent
Stuart Alderoty, the Chief Legal Officer (CLO) of Ripple Labs, and the XRP community have expressed their support on the X app (formerly Twitter) for Securities Exchange Commission(SEC) Commissioner Hester Peirce’s stance against the perceived “injustice” in the LBRY lawsuit. ...
Hester Peirce speaks out against LBRY enforcement action: ‘The market could have decided’
Hester Peirce of the United States Securities and Exchange Commission (SEC) has issued a dissenting opinion on the regulator’s lawsuit against blockchain firm LBRY.In an Oct. 27 statement, Peirce described feeling “unsettled” following the SEC’s enforcement action a ...
Community reacts to SEC dropping XRP case and LBRY shutdown
Ripple’s new win in the legal battle against the United States securities regulators has been marred for crypto enthusiasts by news of the blockchain platform LBRY shutting down operations, which has triggered the community to react.The U.S. Securities and Exchange Commission (SEC) a ...
‘This will be our last post’ — LBRY throws in towel against the SEC
Blockchain company LBRY Inc. — the creators of the LBRY blockchain — has issued its final message to the crypto, citing “several million dollars” of debts that have now made it impossible for the firm to continue.“This will be our last post,” said the LB ...
LBRY Gains Crypto Community Support in Appeal Against SEC Ruling
LBRY, the blockchain-based file-sharing and payment network, has garnered widespread support as it prepares to appeal a federal judge's ruling favoring the United States Securities and Exchange Commission (SEC) in the regulator's lawsuit against LBRY in July. Bill Morgan, a well-known crypto lawy ...
LBRY decides to fight: Blockchain firm files notice of appeal against SEC
Blockchain-based file-sharing and payment network LBRY may be reversing course on an earlier decision to wind down, filing a notice of appeal against a federal judge ruling in July that sided with the Securities and Exchange Commission.On Sept. 7, LBRY filed a notice of appeal to the Unite ...
Bad news for Ripple? LBRY judge passes ruling on if secondary crypto sales are securities
Ripple may be holding its breath a bit longer after a United States District Judge refused to rule on if the secondary sale of LBRY Credits (LBC) constitutes a security.On July 11, New Hampshire District Court Judge Paul Barbadoro made the ruling in the case the United States Securities an ...
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 ...