The SEC’s war against video sharing platform Odysee

The SEC seems to have targeted Odysee for political reasons

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.

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