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SEC wins major crypto case against LBRY
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Emerging Technology, Government Oversight, Nonbank Financial
Tuesday, November 8, 2022
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The Securities and Exchange Commission won its case against LBRY Inc. in New Hampshire federal district court. The contention between the two parties was whether the digital currency offered by LBRY should be considered a security under the Securities Act of 1933; and whether LBRY’s action of selling the digital currency was an unlawful sale of unregistered securities under the Act.
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