LBRY, a blockchain-based file-sharing network, tweeted that the company "has been strangled by US law and debt" and may close in the near future, but the LBRY protocol and blockchain will live on. In addition, LBRY Inc. CEO Jeremy Kauffman said that he has not yet received a specific fine from the US SEC, but it is estimated that there will be 20 million US dollars. Foresight News noted that the US SEC sued LBRY in March 2021, alleging that LBC tokens are securities, and that the company sold them without registering with the agency, violating securities laws, and then LBRY rebutted that LBC tokens are not securities ; In November this year, a New Hampshire judge ruled that LBRY violated securities laws.