LBRY Inc., a blockchain-based content-sharing platform, reversed course Thursday after saying it would shut down following a trial court loss and instead filed a notice of appeal to the First Circuit.
The lower court in July barred LBRY from offering “unregistered crypto asset securities” and ordered it to pay a $111,614 civil penalty to the Securities and Exchange Commission.
Read More: LBRY Loses Crypto Fight With SEC, Says It Will Shut Down (1)
The US District Court for the District of New Hampshire said in November that LBRY violated US law by selling its blockchain token without registering its offerings ...
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