Sec just announced a lawsuit against LBRY for “selling unregistered securities.” SEC is classing LBRY’s LBC token as a “a security”, but by their definition, almost every crypto project would also be considered a security. They say it’s a security because it lacks sufficient utility… I literally use LBC every day, you can’t post videos on the LBRY blockchain without it. They also say it’s a security because the blockchain is being “actively developed”. I don’t know of any tech platform that isn’t being actively developed! Initially the SEC was giving blockchain projects a slap on the wrist, but now they’re ramping up. LBRY inc. tried to settle with them in private for 3 years, and they refused. If the SEC wins, the LBRY network would continue to run, but LBRY inc. would effectively cease to exist. This would affect users too! Anyone who posted videos or tipped someone on LBRY would now be guilty of “trading securities without a license.” This lawsuit puts the whole crypto industry at risk. LBRY had best win their case. For more information, visit: https://helplbrysavecrypto.com/ or sign the petition at: https://www.change.org/p/u-s-securities-and-exchange-commission-cryptocurrency-is-not-a-crime?recruiter=31631914&recruited_by_id=84a601b0-d82c-012f-ad4d-404046835f95&utm_source=share_petition&utm_medium=copylink&utm_campaign=psf_combo_share_abi&utm_term=psf_combo_share_initial Watch this on LBRY: https://odysee.com/@NaomiBrockwell:4/Govt-Sues-LBRY:7?r=DzXweqFwrKKy9W5nrSXLok6w9Secrgc8 Edited by Lee Rennie If you would like to send me a message and support my channel, visit https://cointr.ee/naomibrockwell Sign up for the free cryptobeat newsletter here: https://Naomibrockwell.com/cryptobeat Sign up for the members-only newsletter here and get access to exclusive content by becoming a member of NBTV! https://Naomibrockwell.com/memberships Here are a bunch of products I like and use. Using these links helps support the channel and future videos! Recommended Books: Permanent Record - Edward Snowden https://amzn.to/305negc No Place to Hide: Edward Snowden, the NSA, and the U.S. Surveillance State - Glenn Greenwald https://amzn.to/2UQmJ4m What has the government done to our money - Rothbard https://amzn.to/2KMzmcu Naomi's Privacy Bag: some of my favorite products to help protect your privacy! Use the Brave browser! https://brave.com/nao076 USB-C to ethernet adapter: https://amzn.to/2lOVBoy Lightening to ethernet adapter: https://amzn.to/2nWyNns Faraday bag wallet (signal stopping, to protect your fob, credit card, and phone) https://amzn.to/2SUkPhu Data Blocker (if you're charging your phone in an unknown port, use this so that no data is transferred) https://amzn.to/2SVh0J2 Computer privacy screen (use your computer in public? Keep your information safe!) https://amzn.to/2SXYHmf Phone privacy screen (don't let people in public see your private data) https://amzn.to/2YyJMnH Camera cover (for computers and phones, so no one can access your camera without you knowing) https://amzn.to/2Mt7Hic Privacy Tip: Don't use wifi, and if you must, append the tag ‘_nomap’ or ‘_optout’ to your SSID to stop other websites tracking your location.