Crypto Protocol LBRY Loses Court Battle With SEC, LBC Token Ruled a Security – Is XRP Next?
File-sharing and payments protocol LBRY has lost its battle with the U.S. Securities and Exchange Commission (SEC) after a federal judge ruled that the firm violated securities laws when it sold LBRY Credits (LBC). The SEC filed a suit against LBRY in 2021 alleging that the New Hampshire-based company sold LBC as an unregistered security