"Pro-XRP Lawyer Slams SEC's Revised Fees for LBRY: Calls it a Disgrace!"

[Coinpedia Fintech News]

The Securities and Exchange Commission (SEC) has submitted a revised proposal for the fine against LBRY, taking into account the platform's financial situation. Acknowledging LBRY's inability to pay the initial $22 million penalty, the SEC has withdrawn its request for disgorgement. Instead, it now seeks a reduced fine of $111,614, considering LBRY's limited funds and near-defunct status. The request has been filed with the US District Court of New Hampshire on May 12.