The aftermath of LBRY: Consequences of crypto’s ongoing regulatory process

under this test, the ruling varies depending on the characteristics of a token, which are subject to change.

“The court did not cite any legal precedents for this opinion, perhaps because there are none,” Daugherty said. Beyond the financial cost of the trial, the biggest consequence of the ruling is the slowed adoption of LBC tokens, Kauffman says.“Perhaps worse of all, [we’ve] faced substantial difficulty in adoption from third-party parties like exchanges that are terrified of the SEC,” he stated.

Kauffman didn’t hide his frustration with the result of the SEC complaint, blaming the company’s ultimate fate on the government's lack of transparency. Daugherty told Cointelegraph that it’s important to take this argument in the proper context, as the LBRY case was active since 2016. Daugherty said that his advice for companies and projects in the blockchain industry is to hold LBRY as an example for their legal strategy.

Source: News Formal (newsformal.com)

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New York City rolling out new 911 system that lets people send texts and videosNew York City's 911 system is set to get a major upgrade that officials say will let people send texts and videos. elijahwestbrook reports: elijahwestbrook This is incredible. Thanks, elijahwestbrook
Source: CBSNewYork - 🏆 268. / 63 Read more »

Dungeons & Dragons Releases Statement on New OGL, Retracts Royalties and License Back LanguageDungeons & Dragons say's they're removing some of the most controversial changes to its proposed new OGL:
Source: ComicBook - 🏆 65. / 68 Read more »

Pre-Owned Luxury Watches Will Outsell New Models in the Next Decade, a New Report SaysThe market for vintage timepieces could hit $85 billion by 2033.
Source: RobbReport - 🏆 309. / 63 Read more »

All things new in Philadelphia for the New yearNydia Han and Ducis Rodgers show you what's new in Philadelphia, from new spots for fried chicken and International cuisine to new theatres and live shows. Must be nice to ignore the murders, fentanyl deaths, homelessness at an all time high.
Source: 6abc - 🏆 250. / 63 Read more »

Will Rihanna Release New Music At the Super Bowl?In a new commercial, the singer seemingly nods to new music.
Source: NylonMag - 🏆 697. / 51 Read more »

Dallas Symphony tour going to Boston, New York and New HavenMusic director Fabio Luisi to conduct his first Dallas Symphony tour to the Northeast.
Source: dallasnews - 🏆 18. / 71 Read more »