Ripple News: LBRY Fined $111K by SEC: Is Ripple Next?

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Coinpedia Fintech News5/12/2311:50 PM0 replies

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Ripple News: LBRY Fined $111K by SEC: Is Ripple Next?

Coinpedia Fintech News5/12/2311:50 PM0 replies

The recent legal case between the SEC and LBRY, a blockchain-based content-sharing platform, has potential implications for Ripple, its parent company, and the XRP community. The SEC's recent brief on remedies could be seen as a warning for the future of XRP.

LBRY was targeted by the SEC for allegedly conducting unregistered offerings of its crypto asset securities over a period of five years. The SEC also accused LBRY of attempting to manipulate the trading markets for its LBC token and failing to recognize the illegality of its actions.

Tags: SEC, Fined, XRP, accused, Ripple, $111K, LBC, recent, actions, allegedly, LBRY

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