• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

What Is a DEX? How DEXs Work and Why They Matter

2025-05-21

Solana Revolutionary Launch – Near Instant Finality – Blink of an eye

2025-05-21

What Is Blockchain? Blockchain Technology Explained for Beginners

2025-05-21

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What Is a DEX? How DEXs Work and Why They Matter

    2025-05-21

    What Is Blockchain? Blockchain Technology Explained for Beginners

    2025-05-21

    A Beginner’s Guide to Crypto

    2025-05-15

    10 Years of Steadfast Support and Compliance

    2025-05-15

    What Is Proof-of-Work (PoW) in Blockchain? A Beginner-Friendly Guide

    2025-05-12
  • Videos

    Solana Revolutionary Launch – Near Instant Finality – Blink of an eye

    2025-05-21

    OCTA: 🚀 The Craziest 🔥 BULLISH 📈 Signals EVER 🤯

    2025-05-20

    ALL IN! 10X Bitcoin leverage RIGHT NOW!!

    2025-05-19

    Bitcoin: Buy Now, 10X Leverage!!!!!

    2025-05-19

    Bitcoin’s Highest Weekly Close Signals Bigger Moves Ahead

    2025-05-19
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Regulation»SEC Commissioner Releases Statement of Dissent Regarding Regulator’s Case Against LBRY
Regulation

SEC Commissioner Releases Statement of Dissent Regarding Regulator’s Case Against LBRY

2023-10-30No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Gary Gensler Says Crypto Industry Teeming With Hucksters, Fraudsters, and Ponzi Schemes: Report
Share
Facebook Twitter LinkedIn Pinterest Email

A commissioner from the U.S. Securities and Exchange Commission (SEC) has released a statement dissenting against the agency’s enforcement action against the blockchain-based file-sharing payment network LBRY.

In a lengthy statement, SEC Commissioner Hester Peirce says that the SEC’s action against LBRY is “puzzling” as there wasn’t much evidence that the firm committed fraud.

“The Commission has brought many troubling crypto enforcement actions, but the LBRY, Inc. (‘LBRY’) case has especially unsettled me…

This sad reality makes the Commission’s decision to bring a case against LBRY especially puzzling. LBRY’s approach was more conservative than the approach many other projects took. Here, the blockchain was up and running at the time most tokens were sold, and the Commission’s complaint did not allege, and the court did not find, evidence of fraud.”

According to Peirce, the SEC targeted LBRY – which she believes provided a real-world application – rather than pursue other digital asset projects that were obviously partaking in illegal activities. Furthermore, Peirce says that the SEC’s enforcement actions against LBRY were too harsh.

“Why go after a company that sold a token for a functioning blockchain with an established use when we could have pursued plenty of other projects that were outright frauds and did not attempt to comply with the securities laws? To make matters worse, the Commission took an extremely hardline approach in this case.

For example, after winning on summary judgment, the Commission sought monetary remedies of $44 million and asserted that LBRY’s offer to burn all tokens in its possession was not sufficient assurance that LBRY would not violate the registration provisions in the future. The Commission’s requested remedies were entirely out of proportion to any harm.”

The SEC originally filed a lawsuit against LBRY in 2021, alleging that the company sold crypto assets as unregistered securities. In November 2022, a judge ruled in favor of the regulatory agency.

See also  Gary Gensler answers lawmakers about X breach and fake Bitcoin ETF approval

In May, the SEC showed a bit of mercy to LBRY, reducing a $22 million fine to $111,000.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Featured Image: Shutterstock/yudi d n

Case Commissioner dissent LBRY regulators releases SEC Statement
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The SEC Has Made a Decision To Delay The XRP ETF Approval! What This Means

2025-04-30

This Is The Best Case Scenario For Bitcoin Right Now

2025-04-05

Why Today’s Inflation Numbers Make a Strong Case for Bitcoin

2025-03-28

Crypto News: Bull Market Back On?! XRP’s BIG Move, SEC Changes & More!

2025-03-24
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Blockchain

Three Prime Web3 Use Cases

2024-02-19

As the greater Web3 economy is growing, it is especially encouraging to see Web3 use…

Analysis

Robinhood Delists Solana, Polygon and Cardano, Is Reviewing Crypto Options Post-SEC Lawsuits: Bloomberg

2023-06-09

Trading giant Robinhood is reportedly delisting a handful of prominent crypto assets in response to…

NFT

Pudgy Penguins were bred for the NFT Winter

2023-10-11

Floptober is in full effect in NFTs, with sales now falling for the seventh consecutive…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

What Is a DEX? How DEXs Work and Why They Matter

2025-05-21

Solana Revolutionary Launch – Near Instant Finality – Blink of an eye

2025-05-21

What Is Blockchain? Blockchain Technology Explained for Beginners

2025-05-21

OCTA: 🚀 The Craziest 🔥 BULLISH 📈 Signals EVER 🤯

2025-05-20
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 110,738.67
ethereum
Ethereum (ETH) $ 2,695.78
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.45
bnb
BNB (BNB) $ 686.30
solana
Solana (SOL) $ 182.72
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.247376
cardano
Cardano (ADA) $ 0.822092
tron
TRON (TRX) $ 0.273502
bitcoin
Bitcoin (BTC) $ 110,738.67
ethereum
Ethereum (ETH) $ 2,695.78
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.45
bnb
BNB (BNB) $ 686.30
solana
Solana (SOL) $ 182.72
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.247376
cardano
Cardano (ADA) $ 0.822092
tron
TRON (TRX) $ 0.273502