Some ICOs Can Be Considered Securities Under US Law, Federal Judge Rules

Bitcoin, Blockchain and the Law, News, Regulation | September 12, 2018 By:

US securities laws cover some initial coin offerings (ICO), a federal judge has ruled, opening the door for increased government regulation of domestic ICOs.

In US V. Zaslavskiy, 17-cr-0647, U.S. District Court for the Eastern District of New York (Brooklyn), a man was charged with promoting digital currencies backed by investments in real estate and diamonds.