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$3,560.75 2.17124
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BNB
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$620.12 2.40126
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$155.17 4.66039
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$0.4899590 1.99677
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$0.0000222 2.0603
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$0.0000130 1.97231
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$0.0000288 5.74886
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Bitcoin
Bitcoin (BTC)
$68,307.00 1.62268
Bitcoin price
Ethereum
Ethereum (ETH)
$3,560.75 2.17124
Ethereum price
BNB
BNB (BNB)
$620.12 2.40126
BNB price
Solana
Solana (SOL)
$155.17 4.66039
Solana price
XRP
XRP (XRP)
$0.4899590 1.99677
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000222 2.0603
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000130 1.97231
Pepe price
Bonk
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$0.0000288 5.74886
Bonk price
Bitcoin
Bitcoin (BTC)
$68,307.00 1.62268
Bitcoin price
Ethereum
Ethereum (ETH)
$3,560.75 2.17124
Ethereum price
BNB
BNB (BNB)
$620.12 2.40126
BNB price
Solana
Solana (SOL)
$155.17 4.66039
Solana price
XRP
XRP (XRP)
$0.4899590 1.99677
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000222 2.0603
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000130 1.97231
Pepe price
Bonk
Bonk (BONK)
$0.0000288 5.74886
Bonk price
Bitcoin
Bitcoin (BTC)
$68,307.00 1.62268
Bitcoin price
Ethereum
Ethereum (ETH)
$3,560.75 2.17124
Ethereum price
BNB
BNB (BNB)
$620.12 2.40126
BNB price
Solana
Solana (SOL)
$155.17 4.66039
Solana price
XRP
XRP (XRP)
$0.4899590 1.99677
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000222 2.0603
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000130 1.97231
Pepe price
Bonk
Bonk (BONK)
$0.0000288 5.74886
Bonk price
SirWin
SirWin
SirWin

SEC wins, LBRY loses as LBC token ruled as a security

News
SEC wins, LBRY loses as LBC token ruled as a security

The court case between the Securities and Exchange Commission (SEC) and LBRY Inc. halted today as the judge ruled in favor of the SEC.

The U.S. District Judge, Paul J. Barbado, wrote in the conclusion of the ruling that:

“Because no reasonable trier of fact could reject the SEC’s contention that LBRY offered LBC as a security, and LBRY does not have a triable defense that it lacked fair notice, the SEC is entitled to judgment.”

It can be recalled that the SEC argued in its complaint that LBRY sales of the LBC token as a security violates Section 5 of the Securities Act of 1933. However, LBRY argued that the LBC is not a security but a cryptocurrency that powers the LBRY blockchain.

LBRY’s reaction to the ruling

In a swift reaction to this ruling, LBRY Inc., promised not to give up the battle. In a Tweet, they stated that:

“We lost. Sorry, everyone. We’re going to lick our wounds for a little bit, but we’re not giving up.”

However, LBRY believes this judgment has become a dangerous antecedent for the thriving of cryptocurrencies in the United States. They further added that:

“The language used here sets an extraordinarily dangerous precedent that makes every cryptocurrency in the U.S. a security, including Ethereum.”