Hester Peirce speaks out towards LBRY enforcement motion: ‘The market may have determined’

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

In an Oct. 27 assertion, Peirce described feeling “unsettled” following the SEC’s enforcement motion towards LBRY in March 2021. In November 2022, a choose 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 hundreds of thousands of {dollars} in debt because of authorized prices.

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