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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- Source: https://www.coindesk.com/policy/2023/05/15/sec-seeks-to-slash-22m-fine-on-crypto-firm-lbry-to-111k/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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