If you crypto enthusiast then i no need to write full name of SEC but my content basically written in simple and understanding for all my readers and followers and that's why i have to write the biggest villain of crypto history  in golden words .Yes Its Securities and Exchange Commission . If we notice Crypto Altcoins good project mostly originated from USA and there is grumpy demon seated on top and watched all whether crypto is securities or not . 

Those are new to know 'securities' then let me clear that I am writing about the kind of asset or in simple language Stocks of any company which can be traded and buy to get profit in future .Either Stocks issuing firm raise the fund through ICO (Initial Coin Offering) or encourage their investor with certain promise like if they invest then in future the price of stocks will give huge profit to them.

Why i am writing these all here before i come to main story so that you all get clarity of article in the sense of understanding. SEC is good to regulate and control fraudulent and protector of people money in America but It does not mean to choke someone neck without any chance ,mean solid evidence is important to sue someone and bring them court. 

I will bring to all, The story of LBRY Credit a very promising project which was said to big competitor of YouTube .It was as usual doing its job but one day in the year of 2021 ,SEC sent the company a big notice and case them for unregistered securities offered to their investors . As far as i know, Crypto those are used inside the project to maintain the system or reward the someone to add value and promote . LBRY Credit a crypto also did the same as User like to buy LBC (LBRY Credit Token) from exchange and stake inside LBRY tv to promote and highlight your content so others will see your valued content and tip you . The system of running such video sharing platform was very smooth and functioning but SEC put a case on him for unregistered securities . The case was ideally challenged by CEO Jeremy Kauffman but off course a just start up company can not fight longer with Such Big official firm in America and resulted they declared Bankrupted and shut all the operational activities immediately . 

SEC was too much confident after put case on LBRY Credit & Ripple XRP .LBRY Credit also fight well to defend ourself in court but due to heavy court trial fee and challenges they failed and SEC sent notice to pay fine about 350 Million USD Approx. as penalty but since LBRY already declared bankrupt so SEC reduce the fine to 111 Million USD Approx . In other side Ripple was not ready to quit . Ripple challenged very tough to SEC in the court and defended strongly . After long Trial ,Ripple was asked to pay fine around 2 billion USD . Ripple kept fighting in the court and result came positive in the favour of Ripple as Judge pass the decision in the favour of Ripple but some how Ripple had to settle with SEC because not to loose the case but to not hurt SEC ego ,Yes Ripple settled the case in 50 Million USD Approx. 

Ripple already show big no face to SEC and also taught them to not sue someone without knowing and evidence . SEC sued so far many crypto project on the basis of their old law called Howey Test (1978). 

So Far ,LBRY Credit already declared dead and went to graveyard ,Ripple XRP got serious injured by such long court case by SEC and during the time it saw many big exchanges like Binance, Robinhood , Coinbase delisted in fear of SEC. Ripple was damaged badly by SEC otherwise it was no where less than Ethereum in crypto ranking by market capita. 

SEC was now full of power , took action and blindly put penalty on many coins and exchanges . Telegram TON launching fund collection returned back to investor ,Polygon, Solana, Cardano, Filecoin many of their tokens declared unregistered securities .

If You know KIK a messaging app also launched KIN token was affected by SEC lawsuit and later the KIK project sold to repay the fine. Many NFT project died because of SEC. 

I still remember Bittrex was one of the giant crypto and no less popular than coinbase in America also hammered by SEC and exchange had to close all the service globally .Beaxy Exchange was also haunted by SEC huge Fine and closure.

The list will be more longer if we write about all the crypto which are done by SEC but here i am not writing book so these are the main i found to highlight here. 

I am little sad about LBRY Credit which really got axe badly whereas I found Steem ,Hive had almost similar concept where content creator store coin in the blog platform in the form of reserve coin to weightage their upvote But How it was not considered or remarked by SEC ! . 

Was there any destructive mind to kill LBRY Credit Coin and LBRY Tv  since it was growing such fast on  blockchain ? 

Share your thought on this article and also few lines about SEC whether you like or not .