A federal judge in Brooklyn has declared that SEC rules apply to bitcoin and so-called initial coin offerings.
Judge Raymond Dearie has declined to toss the federal charges against accused fraudster Maksim Zaslavskiy, whose lawyers had tried to argue that current laws around crypto are “unconstitutionally vague," according to multiple media reports. Dearie said the current laws are just fine.
“Though ‘investment contract’ has not been defined by Congress, the test for whether a “given…
