Crypto Fund Denounces SEC's Testimony In Enforcement Suit
Law360 (November 5, 2018, 7:27 PM EST) -- Cryptocurrency index fund Blockvest LLC on Friday urged a federal court to require the U.S. Securities and Exchange Commission to submit admissible evidence before allowing the agency to block its initial coin offering, saying the SEC's expert witness testimony is not enough.
Blockvest said the agency's bid to block its initial coin offering, or ICO, was based on hearsay and is not supported by actual evidence, and thus the suit, accusing it of it receiving regulatory approval from not only the SEC but also a fictitious agency called the Blockchain Exchange Commission, should be dismissed.
"Much of the 'evidence' submitted by...
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!