Federal Judge Rules LBRY Credits Are Securities

LBRY, Inc. issued Summary judgment for SEC affecting SEC on November 23, 2022.

Primary

LBRY, Inc.

Counterparty

SEC

Structure

Summary judgment for SEC

Date

November 23, 2022

Sub-sector

Crypto / Digital Assets

Court affirmed SEC position that digital assets with speculative value expectations qualify as securities under Howey test, establishing precedent for broad regulatory enforcement.

Primary company

LBRY, Inc.

Counterparty

SEC

Amount

Not disclosed

Event date

November 23, 2022

Sub-sector

Crypto / Digital Assets

HQ

Not disclosed

Structure

Summary judgment for SEC

Source published

November 23, 2022

Publisher

National Law Review

Source: natlawreview.com