On September 11, 2018, a Brooklyn federal court ruled that the government’s case against Maksim Zaslavskiy, seller of the REcoin and Diamond blockchain tokens, could proceed to trial because a reasonable jury could find that these tokens were securities. 

In this vlog, Jeffrey Alberts, co-head of Pryor Cashman’s FinTech Group, explains how securities laws apply to initial coin offerings (ICOs) and the significance of the court’s decision.