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Connecticut jury finds crypto-related products are not securities
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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 Nov. 1.
"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.
The case against GAW
Read more on cointelegraph.comAbout this in other media
Galaxy Digital exec compares crypto funds to ‘hedge-fund space in early 2000s’ ambcrypto.com /3 years ago
Ripple ‘guilty of fraud,’ but not securities law violations: Messari’s Selkis ambcrypto.com /3 years ago
Law Decoded: Crypto cities, investor protection nation, Nov. 8–15 cointelegraph.com /3 years ago
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