It remains to be seen how this will affect LBRY Credits, but it doesn't look good at first glance. The future is uncertain for sure, and there are many other crypto projects that have been shut down or forced into bankruptcy due to regulatory pressure from governments around the world.
That being said, decentralization can help protect against such scenarios, as it means no single entity has complete control over a project's infrastructure. However, this is not always enough, and even decentralized projects can be vulnerable if they lack sufficient funding or community support.
Overall, the situation with LBRY Inc.'s closure highlights the importance of having a diverse portfolio of crypto assets that are less exposed to regulatory risks, as well as investing in projects that have solid fundamentals and long-term potential. 