LBRY Decision to Fight Back SEC's Judgement Signals Pivot Amid Shutdown Plans

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LBRY Decision to Fight Back SEC's Judgement Signals Pivot Amid Shutdown Plans
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LBRY's move may indicate a potential change in course two months after announcing progressively winding down operations.

LBRY Decision to Fight Back SEC’s Judgement Signals Pivot Amid Shutdown PlansLBRY’s move may indicate a potential change in course two months after announcing progressively winding down operations.

LBRY plans to challenge a New Hampshire federal judge’s ruling that sided with the Securities and Exchange Commission that declared the platform’s token sales as unregistered securities. The appeal comes after blockchain firm Ripple scored a partial victory in its fight with the country’s federal regulator. Prominent asset manager Grayscale’s most recent win is also one of the high-profile crypto industry victories that have given other platforms targeted by the SEC a new arrow in their quiver.

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