Surge una nueva fecha clave a medida que avanza la apelación
In an interesting development in the LBRY appeal case, the First Circuit Court of Appeals in Boston directed the blockchain startup to file its brief by Nov. 1, 2023. This action follows a protracted legal battle between the Securities and Exchange Commission (SEC) and LBRY over the nature of its LBRY Credit (LBC). The SEC prevailed in summary judgment against LBRY; the blockchain business was dealt another setback on July 11, when the final ruling upheld the SECs victory. In what might be deemed punitive, LBRY was permanently restrained and enjoined from participating, directly or indirectly, in any unregistered crypto asset securities offering. The final judgment further ordered LBRY to pay a civil penalty of $111,614 to the SEC within 30 days of the judgments entry. By its undertakings to the court, LBRY announced its plans to wind down and divest itself of its remaining premined LBC shortly after the final verdict. However, in a bold move lauded by the XRP community and the rest of the crypto industry, LBRY filed a notice of appeal on Sept. 7, addressing the July 11 final verdict given by the court. This move will take its first significant stride as LBRY prepares for a legal showdown on Nov. 11