LBRY’s last stand comes to nothing as the company says its farewell
LBRY Inc. announced its official closure in a last community post on October 20, citing a court loss and “several million dollars in debts.”
LBRY Inc. announced its official closure in a last community post on October 20, citing a court loss and “several million dollars in debts.”
XRP is currently under the gun over, and nothing that occurs in the LBRY case at this point will affect Ripple’s liability for its initial XRP offering.
While the U.S. securities regulator won the November court ruling, a judge has ruled that investors selling the LBC token in secondary markets are not violating securities laws.
The securities watchdog also wants to bar attorney John Deaton from aiding Ripple, claiming the intervention would unduly delay or prejudice the court process.