Before the suit kicked off early last year, LBRY had already been under SEC investigation for three years. The LBRY team claims to have complied with the SEC in supplying nearly 1 million pages of documents along with multiple in-person testimonies. Those documents and interviews, according to the company, cost “substantial amounts of time, energy and money” that caused “significant harm” to the small business.
This Tiny Blockchain Startup’s Tangle With SEC Could End Up as Landmark Case
