by Tom Parker, Reclaim The Net:
LBRY’s CEO warned that this standard could result in “almost every cryptocurrency” being classed as a security.
LBRY Inc., the company behind the open-source, decentralized, blockchain-based LBRY network, has lost a case against the United States (US) Securities and Exchange Commission (SEC) that centered around whether its sale of the LBRY Credits (LBC) cryptocurrency amounted to an unregistered security offering under the Securities Act of 1933.