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News December 10, 2018 Issue

Ruling Against SEC in ICO Case May Upset Agency’s Cryptocurrency Strategy

The question of whether a digital token constitutes a security may have been put into play by a federal judge’s ruling in an ongoing case involving the SEC and a company engaged in a digital coin offering (ICO). The judge turned down the agency’s request for a preliminary injunction against the company, saying that the SEC had not sufficiently proved that the digital tokens involved met the definition of a security.

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