Considering how small the fine is, crypto-scammers will remain undeterred. It is the US legislators who will see LBRY as an example -- an example of a big edge-case that US securities laws don't address. Those laws probably won't be changed until after the upcoming economy-wide crash begins. But by that point, a lot of scamcoins might have already gone under.

From the article:

Tell such groups to work anonymously/pseudonymously and online only. LBRY failed because they believed that the State would treat them fairly for operating entirely above board and not trying to defraud investors. It is a sort of toxic positivity, which is inexcusable considering the guy in charge of LBRY is a libertarian.

I remember LBRY and I can only agree with the Commissioner's sentiments. How odd it is to read an acknowledgements of gaping flaws in the SEC's own inability to adapt to each case in any reasonable or methodical way.

For an SEC commissioner to identify how entrepreneurship is being destroyed by the SEC, and then exophorically petition readers for suggestions on how to rectify their ineptitude is somewhat telling that there's a problem with the SEC.

Imagine doing this to the other 30k cryptos out there. It would consume the entire gov & court systems

This is fucking yackity sacks government, holy hell.