Last year, the United States Security and Exchange Commission is suing Ripple for a billion dollars because it is illegal to buy XRP in the US because it is a “security”, says the SEC.
But the Ripple CEO counterclaimed it and Ripple Labs hope that it will be relisted on a several months.
And now, LBRY. The most effective alternative to YouTube is also targeted by the SEC. It is also the same claim that it is a “security”.
If this passed, this will create a domino effect and definitely don’t want any US blockchain based businesses to operate, because the SEC is on fiats right?
This is madness and absurd and the SEC should be responsible for all the damages that been done.
If you want to support the initiative go to https://helplbrysavecrypto.com and sign a petition.