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22 April 2021

Mati Greenspan warns SEC's latest action could threaten future of all cryptocurrencies

Mati Greenspan warns SEC's latest action could threaten future of all cryptocurrencies


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Quantum Economics founder Mati Greenspanhas warned the SEC’s latest action against decentralized content platform LBRY could threaten the future of all cryptocurrencies.

LBRY has contested the SEC case, arguing that while the “SEC claims that Credits have no use other than speculation,” the Credits actually allow users to tip, publish, purchase and boost content on the platform, and the company “at no time indicated that LBRY Credits were an investment, and consistently discouraged purchasing Credits for this purpose.”

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