<h1>Trial Date Set In Critical ICO Case, Judge Weighs Legal Classification Of Cryptocurrencies</h1>
Submitted by Anonymous (not verified) on Thu, 05/10/2018 - 00:59
In a criminal case involving two allegedly fraudulent initial coin offerings (ICOs), a jury trial is set for January 2019. However, the judge presiding over the case has not yet ruled on the defense’s motion to dismiss, which argues unconstitutional vagueness and a lack of jurisdiction. The question: do securities laws clearly apply to the defendant’s ICOs?