SEC Wants to Slash $22M Fine on Crypto Firm LBRY for Violating Securities Law to $111K

May 15, 2023

Jeremy Kauffman, LBRY’s founder has previously said this case could impact the wider crypto industry as the company maintained that LBC was not a security. Ripple Labs has a similar defense as it faces SEC charges for the sale of $1.3 billion in XRP tokens.

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111K22MCryptoFineFirmLawLBRYSECSecuritiesSlashViolating

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