Bloomberg Law
Free Newsletter Sign Up
Bloomberg Law
Welcome
Go
Free Newsletter Sign Up

Tezos Lawsuit With Zug Roots Will Move Forward in U.S. for Now

Aug. 9, 2018, 2:53 PM

A high-profile “Crypto-Valley” legal dispute over the Tezos initial coin offering will move forward in a court closer to Silicon Valley -- for now at least.

In a preview of how litigation may play out in cryptocurrency fights with tentacles spanning the Atlantic, if not the globe, a U.S. judge rejected a bid by the Zug, Switzerland-based Tezos Foundation to toss an investor lawsuit, ruling the case will move forward in federal court in San Francisco.

The suit aims to hold the Tezos Foundation, which promised a new model for the blockchain technology that underpins cryptocurrencies, liable under U.S. law ...