Last updated Jan 31, 2023

The United States Securities and Exchange Commission (SEC) is a top financial regulatory body in the US. This regulatory body mainly regulates the spot money market & those companies which provide services in the form of security tokens. Over the years, the SEC Agency showed that it was not supportive of Crypto companies because of the unclear crypto regulatory framework in the United States.

On 31 Jan 2023, the Court ruled in favor of the LBRY coin team against the SEC agency and finally, the SEC agency admitted that the sale of LBRY Credits (LBC) tokens in the secondary market doesn’t constitute a security.

Popular US attorney John Deaton was the main leader in this case in support of LBRY and he helped the LBRY team to reach a better outcome.

Many experts noted that it was not all about the LBRY vs SEC fight, instead, it is a very big victory for the crypto industry against the bitter regulatory approach of the US authorities.

Jeremy Hogan, the partner at Hogan & Hogan, also responded to this case and congratulated Deaton & LBRY.

A few Crypto Twitter users started to talk about the Ripple vs SEC Lawsuit, where Ripple is fighting to prove that XRP was not a Security & also Ripple executives never violated the securities Act.

One of the Crypto Twitter users noted that this outcome may degrade the SEC agency against Ripple in the XRP Lawsuit.

Read also: Elon Musk plans Crypto payment on Twitter but in future


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Amazon is a popular E-commerce platform, whose services are expanded in many tech innovations in this world. Amazon also provides its cloud services, which is known as a top trusted in the internet world. In 2021, Amazon also invited huge numbers of Crypto & blockchain talents to its blockchain team.

According to reports, Amazon is working to create blockchain gaming and NFTs related platforms and it may come to light in April of this year.

However Amazon didn’t announce this plan officially but in April 2022, Amazon CEO Andy Jassy talked about the future growth of the NFTs sector and also confirmed that the company may consider adopting Cryptocurrencies in the payment options in the future.

At that time Amazon’s CEO said:

“I expect NFTs will continue to grow very significantly. We’re not probably close to adding crypto as a payment mechanism in our retail business. But I do believe over time you’ll see crypto become and it’s possible … it’s possible down the road.”

The latest reports are unofficial but reports were published by trusted news media platforms, so here we can’t ignore this news as a rumour.

Earlier this, when Amazon published its Crypto & blockchain job application then at that time many reports claimed that Amazon was planning to accept Crypto payments but in reality, all that kind of news was based on speculations & rumours and later Amazon officially talked about such reports & confirmed that company has no such plans but surely the company will do study & research on Crypto & Blockchain technology.

It is worth noting that, over the last few months Amazon’s AWS introduced several features for the Crypto companies to show their presence in the web3-based internet innovations.

In mid-Jan 2023, the Ava Labs team confirmed that it established a partnership with Amazon Web Services (AWS) and also confirmed that it will help the web3 devs in the AVAX ecosystem to use Cloud services easily.

Read also: FTX bankruptcy lawyers to drag SBF’s family under investigation to recover funds


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