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In this vlog, Jeffrey Alberts, co-head of Pryor Cashman's FinTech Group, explains how securities laws apply to initial coin offerings and the significance of the court's decision.
On September 11, 2018, a Brooklyn federal court ruled that the
government’s case against Maksim Zaslavskiy, seller of the
REcoin and Diamond blockchain tokens, could proceed to trial
because a reasonable jury could find that these tokens were
securities.
In this vlog,
Jeffrey Alberts, co-head of Pryor Cashman’s FinTech
Group, explains how securities laws apply to initial coin offerings
(ICOs) and the significance of the court’s decision.
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