ARTICLE
18 September 2018

New York Federal Court Rules Initial Coin Offerings May Have Been Illegal Securities Offerings (Video)

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Pryor Cashman LLP

Contributor

A premier, midsized law firm headquartered in New York City, Pryor Cashman boasts nearly 180 attorneys and offices in both Los Angeles and Miami. From every office, we are known for getting the job done right, and doing it with integrity, efficiency and élan.
On September 11, 2018, a Brooklyn federal court ruled that the government's case against Maksim Zaslavskiy
United States Technology

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.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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