Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: Tnoy30 on November 03, 2021, 11:09:56 AM
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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
(https://cointelegraph.com/news/connecticut-jury-finds-crypto-related-products-are-not-securities)