EOS paid a penalty of 0.5% of sales. The SEC is asking for 200% of LBRY sales (yes, 400x more). The SEC absolutely does want to kill crypto, but in our case, they realize we're a threat to government control over social media. https://t.co/53AIkoGt87 The SEC claims that "a penalty equal to LBRY’s full pecuniary gain of $22,151,971 is fair and reasonable under the circumstances." The SEC doesn't want to regulate crypto; it wants to kill it in the United States.

We marked all of our $LBC to $0 on our balance sheet because we are offering to the court to destroy or divest them. The SEC used this to argue we have a $3,000,000 slush fund that we are hiding. Incompetent or evil?

RT @FilanLaw: The SEC claims that "a penalty equal to LBRY’s full pecuniary gain of $22,151,971 is fair and reasonable under the circumstan…