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Join the Securities Litigation and Enforcement Group on LinkedInJudge to SEC: This ICO Isn’t a Security Offering | The Recorder
In what appears to be the first federal decision finding that a digital asset offered in an initial coin offering is not a security, a judge in San Diego has turned back a request from the U.S. Securities and Exchange Commission for a preliminary injunction against the backers of the Blockvest ICO. U.S District Judge Gonzalo Curiel of the […]
Court Finds ‘Bitcoin’ Meets Definition of a Security, is Subject to Regulation – Compliance Week
In a ruling this week, a federal court found that the virtual currency “Bitcoin” meets the definition of a security and is therefore subject to regulation. The ruling means that the SEC’s lawsuit last week alleging a Bitcoin Ponzi scheme may proceed in court. via Court Finds ‘Bitcoin’ Meets Definition of a Security, is Subject […]