September 07, 2023
Crypto-based media project LBRY Inc. intends to challenge a New Hampshire federal judge's ruling that sided with the U.S. Securities and Exchange Commission when it found that the platform sold unregistered securities, according to a notice of appeal filed Thursday.
July 11, 2023
Would-be YouTube alternative LBRY Inc. said Tuesday that it was closing up shop after a judge permanently barred the platform from the crypto industry and ordered it to pay a civil penalty of around $100,000 for failing to register its digital token with the U.S. Securities and Exchange Commission.
May 12, 2023
The U.S. Securities and Exchange Commission on Friday told a federal court it is pulling its request that crypto project LBRY hand over allegedly ill-gotten profits as part of the remedies it should pay for having lost a suit alleging its project's token sale was an unregistered securities offering.
December 16, 2022
Blockchain-based publisher LBRY Inc.'s digital tokens should continue to be in use even after the issuer shuts down as planned following its loss in a U.S. Securities and Exchange Commission lawsuit, an investors advocate law firm said, adding that an order enjoining all future transactions with the digital token would be "chilling" and overbroad.
November 07, 2022
A New Hampshire federal judge on Monday ruled that digital tokens sold by blockchain-based publisher LBRY Inc. qualify as securities, handing a victory to the U.S. Securities and Exchange Commission on a question that has put it at odds with the cryptocurrency industry.
May 05, 2022
The U.S. Securities and Exchange Commission is attempting an "unprecedented overreach" in claiming that blockchain-based publishing platform LBRY's cryptocurrency sales were an unregistered securities offering, the company told a New Hampshire federal court Thursday.
February 08, 2022
The U.S. Securities and Exchange Commission scored a win in a case accusing a blockchain outfit of selling unregistered securities when a New Hampshire federal judge rejected the company's claim it was the victim of selective enforcement.
March 30, 2021
A New Hampshire blockchain company faces a federal enforcement action alleging the digital credits it sells are unregistered and that the company has failed to inform investors about the company or the growth of their investments.