Welcome

SEC Handed Setback on Whether Digital Tokens Are Securities

Nov. 28, 2018, 4:50 PM

The Securities and Exchange Commission failed to convince a federal judge in San Diego that Blockvest LLC’s digital tokens, which were to be sold in an initial coin offering, are subject to U.S. securities law.

Key Insights

  • The ruling Nov. 27 by U.S. District Judge Gonzalo Curiel rejecting the SEC’s request for preliminary injunction shows the obstacles cryptocurrencies may face in being treated as regulated securities and being accepted by a wider group of investors.
  • The judge’s ruling is evidence that courts are still at an early stage of fitting digital assets in the existing legal framework and may come...

To read the full article log in. To learn more about a subscription click here.