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Expert Analysis

A Light Regulatory Touch On Initial Coin Offerings

By Nicolas Morgan, David Hernand and Vivian Tsai (August 1, 2017, 4:55 PM EDT) -- Earthworm farms have qualified. So have chinchilla breeding programs. And decades ago, the U.S. Supreme Court in Howey found that certain real estate contracts for tracts of land with citrus groves constituted "securities" under the federal securities laws because, among other things, they involved an investment with the expectation of profits from the efforts of others....

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