Stuart Alderoty thanked Hester Peirce and suggested it might be time to submit an amicus brief. Stuart Alderoty, the chief legal officer of Ripple Labs, as well as members of the XRP (XRP) community, have expressed their support on X (formerly Twitter) for United States Securities and Exchange Commission (SEC) Commissioner Hester Peirce’s stance against…
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The SEC commissioner said the regulator’s actions “forced a group of entrepreneurs to abandon what they built,” with LBRY announcing in October it planned to wind down operations. Hester Peirce of the United States Securities and Exchange Commission (SEC) has issued a dissenting opinion on the regulator’s lawsuit against blockchain firm LBRY. In an Oct.…
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Facing a judgment from the federal government and encumbered with significant debts, LBRY Inc., the blockchain-based publishing company, has signaled its intent to terminate operations. This announcement, shared via a blog post hosted on Odysee, arrives in the aftermath of a contentious legal battle with the U.S. Securities and Exchange Commission (SEC). The post marks…
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LBRY Inc., a cryptocurrency platform, announced its closure due to a court failure against the Securities and Exchange Commission (SEC). The SEC charged LBRY with making an unregistered securities offering by selling its native LBC tokens. The fallout from this legal fight has prompted worries about unequal access to justice and regulatory overreach in the…
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Blockchain file-sharing and payment network, LBRY, announced the termination of its operations, citing “several million dollars” in debts owed to the SEC, its legal team, and a private debtor…. Read More: Blockchain Firm LBRY Ceases Operations, Cites Insurmountable Debt Read more »Sign up for e-EUR – the progressive stablecoin
While celebrating a new court win in Ripple’s legal battle with the SEC, the community mourns the demise of LBRY, which some say was “regulated to oblivion.” Ripple’s new win in the legal battle against the United States securities regulators has been marred for crypto enthusiasts by news of the blockchain platform LBRY shutting down…
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On September 13, John Deaton, the attorney renowned for representing XRP token holders in their legal battle against the SEC, formally filed a notice to serve as Amicus Curiae in the LBRY court case. This move was followed by an official submission to the United States Court of Appeals for the First Circuit on September…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Polygon Launches Phase 0 Towards Polygon 2.0, Ripple Opens Up Liquidity Hub to Brazil & Australia Read more »Sign up for e-EUR – the progressive stablecoin
Deaton is known for his active engagements in legal proceedings and discussions surrounding cryptocurrency regulations and legal actions. Lawyer John Deaton, who represents numerous XRP token holders in the Ripple- Securities Exchange Commission (SEC) lawsuit, has formally submitted his notice of appearance as an Amicus Curiae in the LBRY lawsuit. According to a document submitted…
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In a recently filed court document, blockchain-based publishing company LBRY has signaled its intent to challenge a New Hampshire district court’s verdict. This ruling, made in November 2022, concurred with the U.S. Securities and Exchange Commission (SEC) stating that LBRY presented its digital assets as securities or investment contracts. Unregistered Crypto Securities Saga: LBRY Challenges…
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