![Odysee-SEC](https://i0.wp.com/national-conservative.com/wp-content/uploads/2021/07/Odysee-SEC.png?resize=552%2C307&ssl=1)
The Security and Exchange Commission [SEC] sued Odysee for selling $11 million worth of a cryptocurrency. The SEC argued that cryptocurrency was a “security” and that they had broken securities law. The SEC demanded a one million dollar settlement, which Odysee refused to pay.
The SEC is run by five commissioners who serve five-year terms. Four of the current commissioners were appointed by Trump and one by Biden.