.SECGov has secured a major victory against LBRYcom
The U.S. District Court for the District of New Hampshire has ruled that LBRY offered its LBRY Credits token as an unregistered security. in response to the ruling.
The SEC sued the decentralized content platform in May 2021 for selling unregistered securities just months after bringing a similar lawsuit against blockchain company Ripple. LBRY claimed that LBC has utility, arguing that some buyers intended to use the token instead of holding it as an investment. Federal Judge Paul Barbadoro rejected this argument."Nothing in the case law suggests that a token with both consumptive and speculative uses cannot be sold as an investment contract...
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Ripple CTO Explains What Recent Securities Fraud Case Means for CryptoThe recent securities fraud case has no implications for crypto, according to a Ripple executive
Les mer »
XRP Absorbs $1.1 Million in Fund Flows as Investors Bet on Ripple SideSEC v. Ripple: $XRP attracts $1.1 million in fund flows as investor confidence grows xrpsec ripplexrp xrparmy xrpcommunity xrplnft xrp ripplesec
Les mer »
Support for Ripple Grows in SEC Lawsuit Over XRP — CEO Says 'It's Unprecedented' – Regulation Bitcoin NewsSupport has grown for Ripple Labs in the SEC lawsuit over $XRP. 12 amicus briefs have been filed. Ripple's CEO says, 'It's unprecedented.' crypto cryptocurrency
Les mer »
NFTs Get a New Place to Live, With Ripple Aiming for Mass AdoptionXRPL from Ripple Labs now supports NFTs. The company wants to accelerate the mass adoption of tokenization, or representing real-world assets on a blockchain.
Les mer »
What Twitter's layoffs mean for Bay Area tech workers - Silicon Valley Business Journal'This is going to ripple throughout the tech industry,' says Meredith Firetog, a partner at the lawfirm Sanford Heisler Sharp.
Les mer »
What Twitter's layoffs mean for Bay Area tech workers - San Francisco Business Times'This is going to ripple throughout the tech industry,' says Meredith Firetog, a partner at the lawfirm Sanford Heisler Sharp.
Les mer »