Jenner & Block

Client Alert: Regulators Focus Their Gaze on ICOs and Virtual Currency Exchanges, but the Market Forges On

On September 29, 2017, the Securities and Exchange Commission (SEC) charged Maksim Zaslavskiy and two of his companies with defrauding investors in two initial coin offerings (ICOs), one of which was purportedly backed by investments in real estate and the other by investments in diamonds.  The SEC also obtained an emergency court order to freeze the assets of Zaslavskiy and his companies.

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