Most of your comment is okay but the last line in your comment seems to making a slight allegation that LBRY did something fraudulent which is not what happened nor is being accused here by the SEC. Nor is this a recent development. SEC has been harassing LBRY since May of 2018 and they have spent over a million in legal fees so far.
If this harassment continues, how any startup will be able to continue fighting bigger fish like YouTube, FB etc is beyond me.
> ...how any startup will be able to continue fighting bigger fish like YouTube, FB etc is beyond me.
Maybe by not selling unlicensed securities. Like bitchute is doing, or daily motion, or rumble, or even peertube.
I'm not saying that selling unlicensed securities should be illegal, but it currently is, and if you look at LBRY, there's a strong case that it did sell an unlicensed security.
If this harassment continues, how any startup will be able to continue fighting bigger fish like YouTube, FB etc is beyond me.