LBRY fucked itself over by issuing crypto and raising money around it. They were required to be registered and they chose not to for some stupid reason.
Provides an answer, at least in this space, to "Is it better to ask for permission, or forgiveness?"
Shorter this post: "WAAAAAAAAAAAA but MY unregistered securities had some utility! It's not FAIR that I had to stop just because they were illegal!"