United States:
Court Changes Course In Enforcement Action Against Cryptocurrency Company
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The United States District Court for the Southern District of
California recently changed course in an enforcement action brought
by the U.S. Securities and Exchange Commission (SEC) against
cryptocurrency company Blockvest, LLC and its founder. In doing so,
the court granted the SEC's request to preliminarily enjoin the
defendants from violating the securities laws and analyzed what
exactly it means to "offer" securities in the context of
crypto-tokens.
To review the full article on our FinTech Update blog, click
here.
This article is presented for informational purposes only
and is not intended to constitute legal advice.
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