We met with SEC recently. We told them we'd do anything to have same legal status as Ethereum.
Pay every dollar back. Burn all cryptocurrency we own. Let everyone go and dissolve company entirely. Anything.
They literally laughed in our faces. Evil, despicable monsters.
LBRY Desktop 0.52.6 is out!
Lots of great stuff in this one, including disk space setting, improved collection management, and new first run.
Most importantly, YRBL the gerbil got a make over.
Let's get this over 50,000 signatures!
If you want cryptocurrency to remain legal and free in the United States, please sign:
https://t.co/lRN7riRjiP
Thank you to everyone who has signed already.
In 4 years of pursuit by SEC:
We've spent millions of $$, provided millions of pages of documents, and spent 10,000+ man hours
In all that time, SEC has never answered a question or provided feedback of any kind
We want to follow the law, but no one will tell us what it is
The SEC says to hire lawyers
We hire very expensive, accomplished lawyers, literally ex-SEC, and do what they say
The SEC says that is wrong
We say, how can we fix that?
They say to hire lawyers... 🤦
SEC interrogator just flipped out at me for "not answering questions"
Now you know how it feels motherfucker
(for the record I was answering, he just didn't like the answers)
Latest from Federal Reserve Chair Jerome Powell on #crypto:
“Existing regulations were not built with digital currencies in mind. There will have to be new rules, laws and frameworks to deal with digital currencies.”
In the SEC vs LBRY case, the SEC is specifically alleging that because we spent money to improve the already functional LBRY protocol, that makes $LBC a security.
If we had sold all $LBC, kept the money and went home, it wouldn't be a security.
Talk about messed up incentives!
🚨Programming Alert: We will have @jeremykauffman the CEO of @LBRYcom on @FoxBusiness at 3:45PM ET. We’ll be discussing the SEC’s case against LBRY and what their fight means for the future of the crypto world. Tune in! @cherylcasone@LizClaman
Many people who discovered LBRY recently (😘 #xrparmy) have asked where it can be bought.
You can buy LBRY Credits (LBC) in the following places:
Bittrex (international only)
MEXC
Bitmart
Hotbit
Coinex
We'll put the links to each in the replies.