Connecticut jury finds crypto-related products are not securities

[Tnoy30]

Once again, the question of whether digital assets constitute securities is under question. A Connecticut jury has found that digital assets linked to cryptocurrencies are not securities in what a defense lawyer called a world-first verdict.

GAW Miners investor Stuart Fraser was cleared of liability in a fraudulent operation co-opted by ZenMiner LLC on Monday.

“It’s the first case that we know of where a jury addressed whether cryptocurrency products were securities,” one of the defendant’s representatives, Daniel Weiner from Hughes Hubbard & Reed LLP, told Law360.
Source: Connecticut jury finds crypto-related products are not securities