If you're in the crypto space and you're facing action from the SEC, we want to help.
We will give you as much information and help as we can about how the SEC behaves, privately and confidentially.
Message us on Signal at 352-234-4746. We're stronger together.
LBRY Inc. is winding down.
The LBRY network is unaffected.
Odysee and other assets will undergo a legal process to satisfy debts, but Odysee has a bright future ahead.
Thank you to everyone who fought with us for online freedom.
A final goodbye post is in the first reply.
If you're an American entrepreneur doing anything remotely interesting, you need to pay off as many people in Congress as possible.
We don't like this reality, but there's no point in denying it.
BREAKING: The Department of โJusticeโ has dropped the campaign finance charge against crypto scammer Sam Bankman-Fried.
Get close with the Washington Uniparty and they will protect you every time.
Shortly after the collapse of FTX last December, Bankman-Fried was charged with campaign finance violations as well as fraud.
Now, SBF is getting away with it.
Our โjusticeโ system is a fraud.
โOur case and the decision rendered by our judge [Torres] will provide comfort to other judges that the SEC is just misguided.โ
- @s_alderoty
The @Ripple GC is not wrong. Every judge thus far thatโs interacted with the SEC, with the exception of the @LBRYcom Judge, has chastised the SEC regarding its positions on Crypto. If you read the November 21, 2022 hearing transcript, even the LBRY judge became very frustrated with the SEC regarding digital assets.
So, the @SECGov ....
1) Met with @FTX repeatedly and failed to detect any fraud or prevent its harm to investors and customers.
2) Failed to prevent @CelsiusNetwork
3) Failed to prevent @terra_money
4) Destroyed @LBRYcom and harmed $LBC holders
5) Lost the @Ripple case.
Not a record to be proud of, @GaryGensler.
New Guardian hit piece on LBRY and myself has everything makes modern journalism despicable:
Unnamed "experts" laundering claims into "facts", making everything about their pet hate cause, and trivial factual errors
Though I do appreciate them including some of my great tweets
In addition to dubious journalistic practices, this article gets key factual claims wrong:
- LBRY Inc. was never convicted of fraud
- $LBC worth $.01 on cited date, not $.00003
It should be retracted, and this tweet deleted.
https://t.co/9RvmZahZaP
.@guardiannews has a smear piece claiming that because SEC won a civil case against us, somehow Twitter is in danger.
"Experts say" is a dirty phrase used to launder dubious claims into "facts". Everything wrong with journalism.
@elonmusk is right about journalists and the SEC
You are liars, guardians of the regime. No fraud was alleged or found. If you read the ruling or the previous transcripts this is crystal clear, you made up a slanderous headline and trivially falsifiable โfactsโ because you are motivated by hate. Retract this story.
The United States regulatory regime is one of Bitcoin's best moats.
If that falls, expect even more completion.
(But not from us, LBRY never wanted to be either money or gold.)
Look at footnote 16. Judge Torres cites the January 30 hearing in the @LBRYcom that I appeared as
Counsel for @naomibrockwell and argued that the judge must clarify that his ruling does not apply to secondary market sales. Judge Torres cites the page where the LBRY Judge promises to clarify that his ruling doesnโt apply to secondary market sales. When someone asked if Judge Torres was paying attention to the LBRY case I said โOf course she is.โ Although the Judge declined to do as he promised me on the record we made our point. Thatโs why we fight every battle.
The Ripple case is a monumental development in establishing that a token is separate and distinct from an investment contract it may or may not be part of. Now, letโs make it law. ๐
Now that a federal court has mostly ruled in favor of Ripple, @GaryGensler and other SEC officials should personally apologize to @bgarlinghouse and all Ripple employees and users.
That would be the right and honorable thing to do.
*All secondary sales are not _intrinsically_ securities offerings would be a more precise way of phrasing this, since some secondary sales may still be offerings.
Either way, there are now at least some rules that can be followed, which is what SEC was trying to avoid.
All secondary crypto sales are not securities offerings! ๐ฅณ๐พ๐
EVERYONE owes Ripple for this win that they generated for the entire industry.
Thank you for patching the boat @bgarlinghouse@chrislarsensf@s_alderoty@johnedeaton1