The Securities and Exchange Commission (SEC) is seeking to revise its $22 million punishment against LBRY, a decentralized content platform, as the company is unlikely to be able to pay it. The SEC has asked the court to impose a fine of $111,614 instead, citing LBRY's "lack of funds and near-defunct status." The request also asks to stop LBRY from conducting future unregistered offerings of crypto asset securities. The SEC won the case in November 2022, and the smaller penalty was a compromise between the need to balance deterrence from a penalty with LBRY's inability to pay.