Credits

LBRY Credits

Coin

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 <li>Decentralized content platform LBRY Inc. to wind down operations following a court order.</li> 
 <li>The court ruling does not address the security status of the secondary sale of LBRY Credits (LBC).</li> 
 <li>LBRY hints at possible asset sale amid wind-down plan.</li> 
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 LBRY Inc., the New Hampshire software company known for its decentralized content platform, announced on Tuesday that it will be winding down its operations in accordance with a court order. 
 The decision comes after a final judgment was delivered in the <a href="https://coinedition.com/tag/sec/" rel="noopener noreferrer nofollow">Securities and Exchange Commission (SEC)</a> case against LBRY. However, the court did not provide a definitive ruling regarding whether the secondary sale of the company’s crypto asset, LBRY Credits (LBC), can be classified as a security. 
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 The final judgement in SEC vs LBRY is out. In accordance with the court's order and our promises, we expect to spend the next several months winding LBRY Inc. down entirely. As to what happens to LBRY from here, well, that's up to you. <a href="https://t.co/cU8O3nATT6" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/cU8O3nATT6</a>— LBRY 
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@LBRYcom) <a href="https://twitter.com/LBRYcom/status/1678866789407551489?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 11, 2023</a> 
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 The specifics of LBRY’s wind-down plan remain unclear at this time. The company stated, “As to what happens to LBRY from here, well, that’s up… 
 The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/secondary-sale-of-lbry-credits-left-hanging-as-the-company-winds-down/">Secondary Sale of LBRY Credits Left Hanging as the Company Winds Down</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.
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Secondary Sale of LBRY Credits Left Hanging as the Company Winds Down

Coin Edition

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