Federal Judge Applies Long-Established Securities Law to ICOs

Federal Judge Applies Long-Established Securities Law to ICOs
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n nn nn Does a decades-old securities law apply to an initial coin offering ICO In a case that represents the first time securities laws have been applied to cryptocurrencies, a district judge says it may.On September 11, 2018, in a district courthouse in Brooklyn, New York, Judge Raymond Dearie ruled that two ICOs were securities, based on established laws that govern the financial instruments. His decision does not imply that all ICOs are securities, but that si