SEC Is ‘Out to Damage or Destroy’ Crypto Industry

Created By Jyotish

LBRY CEO Jeremy Kauffman criticised the SEC for dealing with legal action from the regulator

In March of last year, the SEC accused LBRY of marketing unregistered securities.

According to Kauffman, this business has "fought the SEC for over five years."

Of course, the verdict will have substantial consequences for other crypto firms as well.

Obviously going to create a precedent for firms that have used initial coin offerings, or ICOs, to generate funds for their venture

Despite pressure from regulators, he jumped into the political realm with the goal of being elected this year.

As a candidate for the Libertarian party and one of New Hampshire's future senators, Kauffman is now on the ballot there 

Kauffman thinks his file-sharing service and libertarian philosophy are fairly compatible