Hester Peirce speaks out in opposition to LBRY enforcement motion: ‘The market might have determined’

Hester Peirce of the US Securities and Trade Fee (SEC) has issued a dissenting opinion on the regulator’s lawsuit in opposition to blockchain agency LBRY.

In an Oct. 27 assertion, Peirce described feeling “unsettled” following the SEC’s enforcement motion in opposition to LBRY in March 2021. In November 2022, a decide dominated in favor of the SEC, stating that the agency’s LBC token was a safety. Although LBRY appealed the choice, the corporate introduced in October that it deliberate to wind down, citing tens of millions of {dollars} in debt as a consequence of authorized prices.

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