Over the last several months, we have heard repeatedly that the Commission, and its new Crypto Task Force, are embarking on a quest to give the crypto industry regulatory clarity. We’ve heard “change is coming fast” for crypto at the SEC and that the crypto markets will soon be free from the “limbo” they’ve been “languishing […] in for years.”…
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 Southern District of California, who…
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 to Regulation – Compliance Week