This suit does NOT threaten "all of crypto" -- just chains with scammy "utility tokens" (specially ones like LBRY with a premine) that basically act as a way of funding a company.
LBRY Inc. gets paid by the amount of usage and LBC they get from their vids, that is to say not much. The "premine" is why LBRY has rewards. No premine, no rewards, no new users sadly.
Same test the SEC applied to Ripple XRP, also applies to LBRY. Does not apply to coins that are fairly mined via PoW, nor to coins without a corporation/foundation.
More familiar than anyone who hasn't browsed the source code. https://github.com/lbryio/ You do know LBRY had a premine, yes? And that LBRY coins were given away to grow the company?
