{"id":67664,"date":"2022-09-26T12:12:41","date_gmt":"2022-09-26T09:12:41","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=67664"},"modified":"2025-09-07T07:54:44","modified_gmt":"2025-09-07T04:54:44","slug":"lbry-ceo-says-the-sec-aims-to-undermine-the-industry","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/lbry-ceo-says-the-sec-aims-to-undermine-the-industry\/","title":{"rendered":"LBRY CEO says the SEC aims to undermine the industry"},"content":{"rendered":"<p><span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> clearly demonstrated that it intends to damage or destroy the cryptocurrency industry in the United States. This was stated by Jeremy Kauffman, CEO of LBRY, the decentralized content-publishing platform, according to <a href=\"https:\/\/decrypt.co\/110468\/sec-out-to-damage-or-destroy-crypto-industry-lbry-ceo\">Decrypt<\/a>.<\/p>\n<p>In March 2021, the Commission<a href=\"https:\/\/u1f987.com\/en\/news\/sec-files-suit-against-blockchain-startup-lbry\"> filed a lawsuit<\/a> against the company over allegations of selling unregistered securities in connection with the <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-an-ico-and-can-you-profit-from-it\">ICO<\/a> for $11 million.<\/p>\n<p>LBRY tokens are used to upload files and to make payments on the blockchain platform. The coins were distributed before its launch.<\/p>\n<p>The SEC deemed LBRY to be investment contracts on the premise that buyers would profit from them.<\/p>\n<p>The company awaits a federal judge&#8217;s ruling on whether a full trial is warranted.<\/p>\n<p>Kauffman suggested that the verdict would set a precedent for companies that raised money for projects through ICOs.<\/p>\n<p>The CEO expressed his stance toward the regulator with a T-shirt he wore to attend a conference organized by Messari.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Made it to <a href=\"https:\/\/twitter.com\/hashtag\/mainnet?src=hash&#038;ref_src=twsrc%5Etfw\">#mainnet<\/a><\/p>\n<p>If you see a guy in a \u00abFuck the SEC\u00bb shirt, say hi \ud83d\udc4b <a href=\"https:\/\/t.co\/B7vn5E2ey9\">pic.twitter.com\/B7vn5E2ey9<\/a><\/p>\n<p>\u2014 Jeremy Kauffman \ud83e\udd94 (@jeremykauffman) <a href=\"https:\/\/twitter.com\/jeremykauffman\/status\/1572587263015669760?ref_src=twsrc%5Etfw\">September 21, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Kauffman believes that LBRY and the libertarian ideology he subscribes to embody the views of some segments of society toward politics and social networks.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u00abPeople are tired of bureaucrats\u2026 making these decisions for them\u00bb<\/em> \u2014 he explained.<\/p>\n<\/blockquote>\n<p>Earlier at the same conference<a href=\"https:\/\/u1f987.com\/en\/news\/messari-founder-calls-bear-market-useful-for-the-industry\"> came to the conclusion<\/a> that officials are largely aiming to adopt more constructive decisions.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news on our Telegram \u2014 crypto news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The SEC clearly demonstrated that it intends to damage or destroy the cryptocurrency industry in the United States. This was stated by LBRY&#8217;s CEO, Jeremy Kauffman, founder of the decentralized content-publishing platform LBRY, according to Decrypt. In March 2021, the Commission filed a lawsuit against the company over allegations of selling unregistered securities in connection with the ICO for $11 million. LBRY tokens are used to upload files and make payments on the blockchain platform. The coins were distributed before its launch.<\/p>\n","protected":false},"author":1,"featured_media":67665,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[319,36,128],"class_list":["post-67664","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ico","tag-regulation","tag-sec"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/67664","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=67664"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/67664\/revisions"}],"predecessor-version":[{"id":67666,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/67664\/revisions\/67666"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/67665"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=67664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=67664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=67664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}