SEC Blocks ‘Selective Enforcement’ Defense in Digital Asset Case

LBRY Inc.'s argument that the SEC is selectively enforcing federal securities laws against it in a suit over its alleged unregistered digital asset offering and sale is “fatally flawed,” a federal judge in New Hampshire said.

The blockchain-based content sharing and publishing platform accused the Securities and Exchange Commission of treating it as a “class of one” in the enforcement case, which alleges registration violations. But the agency has already filed similar suits against other digital currency creators, the U.S. District Court for the District of New Hampshire said.

LBRY caught the SEC’s attention after allegedly raising $11 million ...