Lbry and many other alt-tech platforms rely on blockchain to work, not that SEC could ever take the platforms down or stop the funding. But they could:
Arrest developers who live in the US for contributing to the project
Force ISP's to block access to the front end sites, making it harder for the average Joe to access the content (which would still be accessible on chain)
Scare people who operate nodes or mining equipment within the US
Scare investors within the US which would reduce the fiat exchange rate on their stash of tokens, which could harm development as long as developers expect to get paid.
this has nothing to do with taking down the blockchain or crypto
Lbry and many other alt-tech platforms rely on blockchain to work, not that SEC could ever take the platforms down or stop the funding. But they could:
moron!