LBRY, a blockchain business, has been permanently restrained and fined by the Securities and Exchange Commission (SEC) for participating in unregistered crypto asset securities offerings. LBRY plans to wind down and divest itself of its remaining premined LBRY Credit (LBC) after the final verdict. LBRY is appealing the case, inspired by the Ripple litigation judgment that XRP does not qualify as a security.
AI Sentiment: Neutral
