LBRY Says Company Has Been ‘Killed by Legal and SEC Debts’
“Since any information given privately to the SEC ends up leaking, we’d like to be upfront about the fact that LBRY Inc. will likely be dead in the near future,” the company behind blockchain publishing platform LBRY said via Twitter yesterday.
LBRY Says Company Has Been ‘Killed by Legal and SEC Debts’
In Monday tweets, LBRY, Inc. said it had been “killed by legal and SEC debts.” In a follow-up tweet, the company made clear that it is LBRY Inc that “must die” though the “LBRY protocol and blockchain will continue.”
“Regulation by Enforcement” by the SEC Caused BlockFi’s Collapse, Asserts Ripple’s General Counsel
Stuart Alderoty, Ripple’s General counsel has slammed the U.S. Securities and Exchange Commission “SEC” for its alleged role in <a href="https://zycrypto.com/blockfi-has-10-billion-in-assets-and-liabilities-and-100000-creditors-bankruptcy-filing/">bringing BlockFi to its knees</a>.
SEC Could Use BlockFi as Object Lesson for Clear Crypto Regulation, Says Ex-SEC Official
The U.S. Securities and Exchange Commission (SEC) may use the failure of lender BlockFi as an object lesson for why there should be clear oversight of the crypto sector.
SEC Strategic Plan: Crypto Initiatives Among Top Priorities Over Next 4 Years
The U.S. Securities and Exchange Commission (SEC) has revealed some initiatives involving crypto assets in its Strategic Plan for the fiscal years 2022-2026.
BlockFi Most Likely to Pay SEC First and Customers Last, Crypto Lawyer Says
The Securities and Exchange Commission will most likely to be the first to get paid in the lineup of creditors crypto exchange BlockFi owes money to, Sasha Hodder, founder of Hodder Law, a firm that specializes in crypto law, said Tuesday.
Ripple Counsel Calls Out SEC Over BlockFi Bankruptcy
BlockFi, a cryptocurrency lender has become another firm to fall due to the FTX collapse. BlockFi filed for chapter 11 bankruptcy protection due to extensive exposure to the defunct crypto exchange. However, Ripple General Counsel has allegedly blamed the U.S. SEC for these circumstances.
BlockFi Used FTX Funds To Pay SEC Fines? Inquiries Ripple Counsel
Sam Bankman-Fried (SBF) led the FTX crash has impacted the crypto market in the worst way possible. Crypto lender BlockFi is reportedly preparing for bankruptcy filing due to its extensive exposure to FTX. However, Ripple Counsel has raised some crucial questions over the FTX-BlockFi connection and its U.S. SEC settlement.
Ripple General Counsel Says SEC May Be Responsible for BlockFi Insolvency
Alderoty believes that the SEC settlement deal with BlockFi backed the crypto lender into a corner, putting customers at risk.
Billionaire Bill Ackman Discusses Crypto Regulation — Says Industry Must Self-Police or Risks Being Shut Down
Billionaire Bill Ackman has warned that the crypto industry needs to self-police or it risks being shut down. He added that regulators need more resources to police the bad actors in the crypto space and will likely take years to catch up.
