LBRY Brought to Book by SEC Over LBC Tokens

Reading Time: 2 minutes Decentralized media site LBRY has been charged with selling securities by the SEC The commission claims that the 13 billion Library Credits (LBC) tokens sold by the company constitutes an unlicensed sale of securities LBRY argues that LBC tokens are not securities and has raised concerns that the case could impact the entire crypto space Media hosting platform LBRY has become the latest cryptocurrency project to feel the wrath of the Securities and Exchange Commission (SEC) after the commission accused the company of using unlicensed securities through the Library Credits (LBC) tokens. The SEC claims that LBC tokens should be
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