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Monumental: Federal Court Rules Case in Favor of Crypto ICO Against SEC

12/3/2018

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Last week, the U.S. federal court ruled a case between the U.S. Securities and Exchange Commission (SEC) and a crypto initial coin offering (ICO) project called Blockvest in favor of the ICO project.
Marco Santori, the president and chief legal officer at Blockchain, said:
“The SEC brought an enforcement action against a company called Blockvest, alleging that Blockvest’s ICO was a securities offering. SEC asked the court for a preliminary injunction (an order freezing Blockvest’s assets, among other things) so it called a hearing on the evidence.”
The SEC failed to justify that the ICO in question was actually a security and the court refused to acknowledge the token as a security solely based on the distribution method of the asset. read more...
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  • HOME
  • WHAT WE OFFER
    • All About INFIN8EX >
      • Gallery
    • ALL ABOUT OC88
    • ALL ABOUT CRYPTO >
      • Wallets & Exchanges >
        • SKRILL Account
        • BINANCE
        • CATEX.IO
        • CREX24
        • STEX.COM
        • KUCOIN
      • FREECOIN >
        • FREEcoin Merchant
        • The FREEcoin
        • FREEcoin Calculator
        • FREEcoin Telegram
        • PROMO
    • ALL ABOUT FOREX >
      • TRADING FOREX GUIDE in the PHILIPPINES
      • What is FOREX?
      • How Do You Trade Forex?
      • EARN PASSIVE IN COPY TRADE
    • ALL ABOUT REALTY
    • ALL ABOUT CARS
  • News & Updates
  • Audio - Powertalks
    • E-BOOKS >
      • The SECRET
  • EBOOKS