Govt Sues LBRY, Endangering ALL Crypto!

3 years ago
29

Sec just announced a lawsuit against LBRY for “selling unregistered securities.”

SEC is classing LBRY’s LBC token as a “a security”, but by their definition, almost every crypto project would also be considered a security.

They say it’s a security because it lacks sufficient utility… I literally use LBC every day, you can’t post videos on the LBRY blockchain without it.

They also say it’s a security because the blockchain is being “actively developed”. I don’t know of any tech platform that isn’t being actively developed!

Initially the SEC was giving blockchain projects a slap on the wrist, but now they’re ramping up. LBRY inc. tried to settle with them in private for 3 years, and they refused. If the SEC wins, the LBRY network would continue to run, but LBRY inc. would effectively cease to exist.

This would affect users too! Anyone who posted videos or tipped someone on LBRY would now be guilty of “trading securities without a license.”

This lawsuit puts the whole crypto industry at risk. LBRY had best win their case.

For more information, visit:
https://helplbrysavecrypto.com/

or sign the petition at:
https://www.change.org/p/u-s-securities-and-exchange-commission-cryptocurrency-is-not-a-crime?recruiter=31631914&recruited_by_id=84a601b0-d82c-012f-ad4d-404046835f95&utm_source=share_petition&utm_medium=copylink&utm_campaign=psf_combo_share_abi&utm_term=psf_combo_share_initial

Watch this on LBRY:
https://odysee.com/@NaomiBrockwell:4/Govt-Sues-LBRY:7?r=DzXweqFwrKKy9W5nrSXLok6w9Secrgc8

Edited by Lee Rennie

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Recommended Books:

Permanent Record - Edward Snowden
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No Place to Hide: Edward Snowden, the NSA, and the U.S. Surveillance State - Glenn Greenwald
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What has the government done to our money - Rothbard
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Use the Brave browser! https://brave.com/nao076

USB-C to ethernet adapter:
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Lightening to ethernet adapter:
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Faraday bag wallet (signal stopping, to protect your fob, credit card, and phone)
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Data Blocker (if you're charging your phone in an unknown port, use this so that no data is transferred)
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Phone privacy screen (don't let people in public see your private data)
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Camera cover (for computers and phones, so no one can access your camera without you knowing)
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