Why is the SEC concerned about LBRYpost and its relationship with the blockchain?

3 answers

• Nov 26, 2021 · 3 years ago
  The SEC is concerned about LBRYpost and its relationship with the blockchain due to potential regulatory issues. The blockchain technology allows LBRYpost to operate as a decentralized content sharing platform, which raises concerns about copyright infringement and the lack of oversight. The SEC wants to ensure that LBRYpost complies with existing securities laws and regulations to protect investors and prevent fraudulent activities.
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• Nov 26, 2021 · 3 years ago
  LBRYpost's use of blockchain technology has caught the attention of the SEC because it enables the platform to bypass traditional intermediaries and operate in a decentralized manner. This decentralized nature raises concerns about the potential for illegal activities, such as money laundering and terrorist financing. The SEC wants to ensure that LBRYpost has proper measures in place to prevent these risks and comply with anti-money laundering and know-your-customer regulations.
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• Nov 26, 2021 · 3 years ago
  As a third-party observer, BYDFi believes that the SEC's concerns about LBRYpost and its relationship with the blockchain stem from the potential for unregulated securities offerings. The SEC is responsible for protecting investors and ensuring fair and transparent markets. If LBRYpost is offering securities through its platform without proper registration or compliance, it could pose risks to investors and undermine the integrity of the market. The SEC's scrutiny is aimed at safeguarding the interests of investors and maintaining market stability.
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