US Judge rules Initial Coin Offerings are securities

[mlawson71]

In a landmark ruling a judge in Brooklyn has accepted a criminal case that treats an initial coin offering (ICO) as a type of security.

The decision is a legal precedent that will help regulate all crypto currency offerings the same way shares are regulated under the U.S. Securities legislation.

 

[Scataphagos]

As a former Registered Principal of a B/D and an RIA... it seems to me there is at least a "securities aspect" to them.

 

[cdcaveman]

Gov can't keep their hands off anything...this is common sense

 

[Cuddles]

sounds like cherry picking. It's a security but it's not allowed to trade in the legitimate markets?

What happens if a high school student starts a crypto as a project? Will he be thrown in the slammer for not following securities protocol?

 

[mlawson71]

That's what I was wondering about. A court decision sets a precedent that affects other people down the line.