#LBRY is currently under investigation by the SEC for selling the LBC. The SEC claims that LBRY credits are unregistered securities and thus selling them is illegal. This threatens many crypto tokens and might have a big impact on the blockchain industry.
Im certainly not a financial expert but I do trust LBRY and support their goal of revolutionizing content distribution. If you want to support them, consider singing the petition or share.
Disclaimer:
Please keep in mind there are two sides to the accusations.
Here are some more information on the case:
https://cryptobriefing.com/sec-suing-lbry-over-11-million-token-sales/
https://www.coindesk.com/sec-lbry-unregistered-securities
https://coinjournal.net/news/sec-sues-crypto-startup-lbry-over-unregistered-securities/
@AaronTheIssueGuy One side: a pyramid scheme masquerading as a decentralized system while really being centralized. The other, a regulatory body finally catching up. I know who I'm rooting for
@Matter @AaronTheIssueGuy one side: a startup fighting against bigtech and lacklustre regulatory bodies to empower users and creators using decentralized tech. The other, misinformed users blaming the startup as a pyramid/ponzi scheme. Who should I root for 🤔 ?
