LBRY Appeals SEC Ruling Barring Crypto Offerings, Says Decision Threatens Crypto Industry

LBRY files notice of appeal against SEC after losing court battle in July
LBRY was previously ordered to pay $111k penalty and barred from unregistered crypto offerings
LBRY founder says appeal is because SEC ruling is unjust and will damage crypto industry
LBRY had previously said it would wind down operations following SEC lawsuit
Appeal comes amid recent crypto industry wins against SEC like Ripple and Grayscale

cointelegraph.com

Relevant topic timeline:

8/29/2023

Explainer: What's at stake in Grayscale's spot bitcoin ETF case against the SEC?

The U.S. District of Columbia Court of Appeals will soon rule on whether the SEC wrongly rejected Grayscale Investments' application to list a bitcoin exchange-traded fund, which could impact the approval of other bitcoin ETFs.

8/29/2023

The Real Reasons the Grayscale Bitcoin ETF Decision Matters

The U.S. Court of Appeals has criticized the Securities and Exchange Commission (SEC) for acting "capriciously" and "arbitrarily" in denying a spot market bitcoin exchange-traded fund (ETF), potentially leading to a review of the previously rejected application and challenging the SEC's authority over cryptocurrencies.

8/30/2023

SEC's first deadlines to approve 7 Bitcoin ETFs coming over the next week

The SEC is facing deadlines to decide on seven new Bitcoin spot ETF applications, with analysts stating that the best-case scenario is approval, but the SEC may also exercise its right to appeal.

9/3/2023

This Week on Crypto Twitter: Grayscale Wins Against SEC, SEC Delays ETF Applications - Decrypt

The SEC's denial of Grayscale's spot Bitcoin ETF application has been reviewed by a judge due to the SEC's failure to provide a coherent explanation, while the SEC also delayed verdicts on several Bitcoin spot market ETF applications, including BlackRock's, causing prices to rally; in other news, Circle's USDC stablecoin has experienced a significant decrease in market cap, SEC Commissioner Hester Peirce criticized the SEC's attempt to bring crypto exchanges under its jurisdiction, a lawsuit against Uniswap was dismissed by a New York judge, StarkWare zeroed all user balances on old wallets, Vivek Ramaswamy celebrated Grayscale's win over the SEC, the SEC delayed its verdict on multiple ETF applications including BlackRock's, and Chinese courts considered cryptocurrencies legal property protected by law.

9/5/2023

‘Ethereum Supreme Court’ Mooted by Blockchain Executive as Alternative to ‘Code Is Law’

Matter Labs CEO, Alex Gluchowski, has proposed the creation of an "Ethereum Supreme Court" to arbitrate disputes and handle security crises that threaten the integrity of the Ethereum blockchain. The court system would allow apps built on Ethereum to appeal for a chain fork in the event of a hack or other security issue, with decisions being determined through a soft fork of the first layer. This proposal highlights the growing importance of security and the need for robust mechanisms to protect users in the Ethereum ecosystem.

9/26/2023

Lawmakers Urge SEC to Approve Spot Bitcoin ETFs, Calling Rejection 'Arbitrary'

A bipartisan group of lawmakers is urging the U.S. Securities and Exchange Commission (SEC) to approve bitcoin exchange traded funds (ETFs), arguing that the SEC should follow court rulings and cease efforts to block regulatory approval.

10/4/2023

Judge Denies SEC Request to Appeal Mid-Trial in Ripple Lawsuit, Seen as Win for Crypto Company

The recent court order denying the SEC's interlocutory appeal against Ripple has divided crypto lawyers and commentators, with some considering it a win for Ripple, while others caution against excessive enthusiasm and point out that the SEC can still appeal the case after the trial.

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Posted 9/8/2023, 4:52:30 AM

LBRY Appeals SEC Ruling Barring Crypto Offerings, Says Decision Threatens Crypto Industry

LBRY files notice of appeal against SEC after losing court battle in July
LBRY was previously ordered to pay $111k penalty and barred from unregistered crypto offerings
LBRY founder says appeal is because SEC ruling is unjust and will damage crypto industry
LBRY had previously said it would wind down operations following SEC lawsuit
Appeal comes amid recent crypto industry wins against SEC like Ripple and Grayscale

cointelegraph.com

Relevant topic timeline:

8/29/2023

Explainer: What's at stake in Grayscale's spot bitcoin ETF case against the SEC?

8/29/2023

The Real Reasons the Grayscale Bitcoin ETF Decision Matters

8/30/2023

SEC's first deadlines to approve 7 Bitcoin ETFs coming over the next week

The SEC is facing deadlines to decide on seven new Bitcoin spot ETF applications, with analysts stating that the best-case scenario is approval, but the SEC may also exercise its right to appeal.

9/3/2023

This Week on Crypto Twitter: Grayscale Wins Against SEC, SEC Delays ETF Applications - Decrypt

9/5/2023

‘Ethereum Supreme Court’ Mooted by Blockchain Executive as Alternative to ‘Code Is Law’

9/26/2023

Lawmakers Urge SEC to Approve Spot Bitcoin ETFs, Calling Rejection 'Arbitrary'

10/4/2023

Judge Denies SEC Request to Appeal Mid-Trial in Ripple Lawsuit, Seen as Win for Crypto Company