SEC Shows Mercy Against LBRY in Lawsuit, Reduces $22,000,000 Fine to $111,000

The U.S. Securities and Exchange Commission (SEC) has reduced a $22 million fine against file-sharing and payments protocol LBRY to just $111,614. LBRY lost a court case with the SEC in November of last year after a federal judge ruled that the company violated securities laws when it raised about $12.2 million worth of proceeds The post SEC Shows Mercy Against LBRY in Lawsuit, Reduces $22,000,000 Fine to $111,000 appeared first on The Daily Hodl .