Hester Peirce questions SEC enforcement action against LBRY
Hester Peirce has expressed concern over the SEC’s approach towards crypto enforcement , explicitly referencing the recent LBRY case. Commissioner Hester Peirce of the Securities and Exchange Commission (SEC) on Oct. 27 shared her thoughts about the agency’s treatment of blockchain-based file sharing and payment network LBRY. Some overdue thoughts on our case against LBRY: https://t.co/wLsG4Xr7wz — Hester Peirce (@HesterPeirce) October 27, 2023 In her statement, Peirce highlighted that LBRY had been singled out by the SEC despite it having a functioning blockchain with a real-world application. She decried the Commission’s role in the demise of LBRY following the company’s shutdown after failing to appeal the court decision that went against it. “Are investors and the market really better off now after the Commission’s litigation contributed to the demise of a company that had built a functioning blockchain with a real-world application running on top of it?” ...