Govt Sues LBRY, Endangering ALL Crypto!
NBTV: Your Money, Your Data, Your Life - A podcast by Naomi Brockwell
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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’...