- LBRY announces winding down but assures network remains unaffected.
- Deaton suggests the LBRY case should be taught in law schools” across the U.S.
- The legal expert also critiques the SEC for targeting LBRY while ignoring FTX, Celsius, and others.
The winding down of LBRY, a prominent blockchain firm targeted by the U.S. regulator for unregistered security offerings, has attracted the attention of John Deaton, a prominent crypto lawyer.
Deaton reacted to the development by emphasizing the role the U.S. Securities and Exchange Commission (SEC) vs. LBRY case could play in guiding the coming generation of legal counsel.
Deaton remarked, “The LBRY case should be taught in law schools” across the United States. The lawyer believes the case highlights the Howey Test’s application to modern blockchain technologies alongside the regulatory overreach of the SEC.
The LBRY case should be taught in law schools across the country, and not just regarding the application of the Howey Test to modern day blockchain technologies and crypto, but also to specifically highlight SEC overreach.The post SEC vs. LBRY Case Should Be Taught in Law Schools, Says Legal Expert appeared first on Coin Edition.With @FTX_Official @CelsiusNetwork @investvoyager #Luna… https://t.co/5lvR…