Sh*coin-powered video platform that pretends to be decentralized will get the regulation hammer. This is the reason we use Bitcoin not crypto.
Sh*coin-powered video platform that pretends to be decentralized will get the regulation hammer. This is the reason we use Bitcoin not crypto.
Sh*tcoin or not, this is bad news for all cryptocurrency enthusiasts and Web 3.0 advocates. Get your coins off the exchanges
LBRY is where creators go when they get deleted by YouTube for making legal videos that Californians don’t like.
Unlike many shitcoins, LBRY actually serves a critical need.
tldr; The US Securities and Exchange Commission (SEC) won its lawsuit against blockchain-based publishing company LBRY Inc on Monday when a US judge ruled that the company offered its digital assets as securities. The SEC sued LBRy last year, saying the New Hampshire-based company violated U.S. law by selling its ‘LBRY Credits without registering them as securities’. The company said the decision “threatens the entire US cryptocurrency industry”.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
>LBRY CEO Jeremy Kauffman said the decision “threatens the entire U.S. cryptocurrency industry” by setting a standard that would deem “***almost every cryptocurrency***” a security.
Yes, that’s right… Because they ARE securities. F*g shitcoin peddlers.
They have a CEO, sell a token that they print, and can’t understand why they are a security. Actually I’m sure they understand just fine, they are just sad they can’t grift you.