"Mitigating crypto UDAAP risk after Ripple ICO ruling" by Ali M. Abugheida (Law360)
Law360Ali M. Abugheida
Cryptocurrency advocates have long argued that cryptocurrencies are not securities, and therefore not subject to state and federal securities laws.
But a district court in California just shed light on whether advocates’ desired outcome also carries a substantial downside: application of state and federal laws against unfair, deceptive, or abusive acts or practices, such as California’s Unfair Competition Law.
Originally published in Law360; reprinted with permission.