US Court Ruling: Initial Coin Offerings Covered by Securities Law

A new ruling by a federal judge in New York has put Initial Coin Offerings under the umbrella of securities law, in a first-of-its-kind legal case against a man charged with promoting digital currencies that were supposedly backed by non-existent real estate and diamonds.
The case, being held in a Brooklyn, New York, court, ultimately resulted in a win for federal prosecutors, who gained Judge Raymond Dearie’s favor in both the prosecution of the defendant, Maksim Zaslavskiy, and as t