{"id":152062,"date":"2023-09-08T12:49:41","date_gmt":"2023-09-08T07:19:41","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=152062"},"modified":"2023-09-08T12:49:41","modified_gmt":"2023-09-08T07:19:41","slug":"xrp-community-backs-lbry-in-appeal-against-us-sec-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/xrp-community-backs-lbry-in-appeal-against-us-sec-crypto-news\/","title":{"rendered":"XRP Community Backs LBRY In Appeal Against US SEC – Crypto News"},"content":{"rendered":"

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The XRP community came in support of blockchain-based file-sharing and payment network LBRY<\/strong> after it filed a notice of appeal against the U.S. Securities and Exchange Commission (SEC)<\/strong>. LBRY suddenly decided to appeal against the final judgment in favor of the U.S. SEC in July, sparking excitement in the crypto community.<\/p>\n

LBRY Files Notice of Appeal Against US SEC<\/h2>\n

According to a filing<\/a> in the U.S. District Court for the District of New Hampshire on September 7, LBRY now appeals to the court against the final judgment entered on July 11. The judge sided with the U.S. Securities and Exchange Commission (SEC) that the firm sold unregistered securities.<\/p>\n

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After two months of final judgment<\/a>, LBRY decided to fight back against the US SEC. LBRY confirmed earlier that it will completely wind down its operations, with the community free to decide how to make use of its LBC token. LBRY owner Jeremy Kauffman also was dissatisfied with the decision, but recent rulings in Ripple and Grayscale<\/a> have turned the tables.<\/p>\n

Jeremy Kauffman also shared posts of support from the XRP community but didn\u2019t reveal anything about the decision to file an appeal after two months.<\/p>\n

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LBRY has filed a Notice of Appeal against the SEC. pic.twitter.com\/Zp9S0TP0Qw<\/a><\/p>\n

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\u2014 LBRY \ud83d\ude80 (@LBRYcom) September 7, 2023<\/a><\/p>\n<\/blockquote>\n

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Read More: <\/strong>XRP Lawyers And Ripple Chairman On The Outcome Of US SEC Lawsuit<\/a><\/p>\n

Support from XRP Community<\/h2>\n

LBRY announcement sparked excitement in the XRP community, with many expecting a win against the U.S. SEC. Lawyer Bill Morgan said \u201cEveryone is on your side especially holders of the LBC token. I always said it wasn\u2019t a good judgment.\u201d<\/p>\n

Key community members such as pro-XRP attorney John E. Deaton and others also reacted to LBRY filing. This is a major moment for the crypto community to prevent the SEC\u2019s irrational actions against the crypto industry.<\/p>\n

Also Read: CFTC Cracks Down on DeFi Platforms for Illegal Trading of Crypto Derivatives<\/a><\/strong><\/p>\n

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\u2713 Share:<\/p>\n

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Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry. <\/p>\n<\/p><\/div>\n

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

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The XRP community came in support of blockchain-based file-sharing and payment network LBRY after it filed a notice of appeal against the U.S. Securities and Exchange Commission (SEC). LBRY suddenly decided to appeal against the final judgment in favor of the U.S. SEC in July, sparking excitement in the crypto community. LBRY Files Notice of […]<\/p>\n","protected":false},"author":2,"featured_media":87974,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[192,29,198,194,195,199,196,193,197,200],"class_list":["post-152062","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-blockchain-business","tag-business","tag-coins","tag-crypto-business","tag-cryptocurrency-business","tag-fiat","tag-metaverse-business","tag-nft-business","tag-token","tag-token-business"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/152062","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=152062"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/152062\/revisions"}],"predecessor-version":[{"id":152064,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/152062\/revisions\/152064"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/87974"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=152062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=152062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=152062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}