Blockvest Reversal Makes Clear That ICOs Are Securities
Law360 (February 22, 2019, 2:17 PM EST) -- In an ICO Saint Valentine’s Day massacre, Judge Gonzalo Curiel of the United States District Court for the Southern District of California reconsidered and reversed his November 2018 Blockvest decision, sending a powerful message about the illegality of so-called initial coin offerings.
As an early critic of Curiel's original Blockvest opinion (before he reversed himself last week), I now feel vindicated, and have written this article to discuss the details of his extraordinary turnabout. But before we get to Curiel's unusual ICO death blow, let's start from the beginning of this intriguing legal course of events.
Companies and individuals...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!