The U.S. Securities and Exchange Commission (SEC) has requested that the $22 million fine on cryptocurrency company LBRY (LBC) be reduced to $111,000.
The SEC was recently found guilty of selling unregistered securities in a New Hampshire Court statement. to LBRY given 22 million dollar fine 111 thousand as dollar to be revised demanded.
In the SEC statement, LBRY’s activities that you stopped and, accordingly, from the fund that can pay the penalty. that you lack and that the penalty is taken into consideration by the company according to solvency indicated that it should be revised.
Punishment of the revision from crime deterrence and your punishment payable situation in between balancing move was stated.
In addition, in any future off the record engaging in securities operations ban also mentioned by the SEC second One request included in the declaration.
Ripple lawyer John Deaton, The lawsuit that was lost in November of last year is a part of the Ripple lawsuit. peer constitute won’t had stated.
According to Coinecko data, the latest 30 days inside 17.6% depreciating LBC, end 24 hours in 2.4% rise living by writing 0.0103 dollars traded at the level.