Thread by @Belisarius2020

Thanks James. It must be discouraging for LBC holders that #LBRY is in a weakened financial position because of the costs of years of investigation and litigation and a legally weakened because of what I regard as a poorly reasoned judgment, and on top of that /1

https://twitter.com/FilanLaw/status/1598064971627532288

taking the motion at face value, LBRY makes a settlement proposal consistent with a framework laid out by the Judge at the recent Status Conference, which the SEC does not accept and is obviously playing hard ball. How does this help retail investors in LBC /2

This is in the context of no evidence in the case that any LBC holder supports the SEC or has any grievance against LBRY or is unhappy with the project (the evidence was to the contrary) /3

and key findings were made against LBRY, based on very thin evidence, that 99.99% of LBC holders would not have known about, but for the case, and which would not have influenced their decision to purchase. As @HesterPeirce asked after the Telegram case, who was protected?/4

To its eternal credit @LBRYcom fought as hard as it could against a government agency that is not properly protecting investors in crypto and harming investors outside its jurisdiction /5