What's Next: SEC's Big No in Crypto | Illegal Gene Dabbling | Government Facial Recognition Face Off
Lawyers say don't expect any changes from the SEC after last week's ruling in an ICO-securities case.
December 05, 2018 at 07:00 AM
9 minute read
Hey there What's Next readers! Ian Lopez here getting back from a good two weeks of disconnecting (really, it helps). That said, we've got a great roundup of the news you (and I) may have missed, including a look at the impact of a novel ruling in an SEC action against crypto outfit Blockvest. Also on deck: the government is both for and against facial recognition tech, plus a look at the legal framework around gene edited babies and more.
As always, I love hearing from you. Please drop me a line at [email protected] or @IanMichaelLopez.
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Security Setback? What An SEC Loss Portends for Crypto Actions
|You'll remember last week we discussed that early ruling in California involving a fight over whether an ICO is a security. That decision involved a judge turning back a request by the SEC for a preliminary injunction to halt the launch of an ICO by Blockvest, a company no stranger to controversy, after the commission failed to demonstrate investors purchased Blockvest's offering expecting to turn a profit, rendering it short of “Howey” test requirements used to define a security.
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