LBRY Inc announced that it will cease its operations after losing the case against the US Securities and Exchange Commission (SEC) regarding the LBRY Protocol, of which it is the developer. The court concluded that the company violated Section 5 of the Securities Act when it issued the platform's native cryptocurrency. Lawyers are now arguing that Ripple may face a similar predicament, as the company is in a major conflict with the SEC over facilitating the sale of unregistered securities when issuing the XRP token.