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Judge Slaps Down SEC Attempt to Label ICO Token as Security by vvbbgg

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Judge Slaps Down SEC Attempt to Label ICO Token as Security
<center><img src='https://dlike.io/upload/Scales_of_justice_768x546-(1)-1543425227.jpg' alt='share-with-dlike.jpg' /></center>  

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 <p style="margin-top: 0px; margin-bottom: 30px; word-break: break-word; color: rgb(17, 17, 17); font-family: &quot;PT Serif&quot;, serif; font-size: 16px; background-color: rgb(255, 255, 255);">US District Judge Gonzalo Curiel of the Southern District of California declared yesterday that the&nbsp;<a href="https://www.ccn.com/sec-halts-fraudulent-ico-that-falsely-claimed-regulatory-approval/" style="color: rgb(244, 47, 66); text-decoration-line: none;">Blockvest ICO</a>&nbsp;is, in essence, not a security — or at the very least that the Securities and Exchange Commission (SEC) had failed to demonstrate that met the characteristics of a security under US law.</p><p style="margin-top: 0px; margin-bottom: 30px; word-break: break-word; color: rgb(17, 17, 17); font-family: &quot;PT Serif&quot;, serif; font-size: 16px; background-color: rgb(255, 255, 255);">There are three important metrics involved in determining whether a token or financial product is indeed a security, dating back to a 1946 case, and the one that Judge Curiel decided was not satisfied was that investors had expected to make a profit on the tokens.</p><p style="margin-top: 0px; margin-bottom: 30px; word-break: break-word; color: rgb(17, 17, 17); font-family: &quot;PT Serif&quot;, serif; font-size: 16px; background-color: rgb(255, 255, 255);"><a href="https://www.ccn.com/judge-slaps-down-sec-attempt-to-label-ico-token-as-security/amp/">source link</a><br></p>  

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