Bressler Principal Joshua Jones was quoted in the Litigation News article "SEC Issues Warning on Token and Digital Currency Use." The article discusses the SEC's recent investigation to determine whether an unincorporated "virtual" organization trading in token or digital currency violated federal securities laws. The SEC used this investigation and their report to offer guidance on the issue.
Ultimately, "a security has to be registered unless it falls into some exemption, and the SEC is going to take a broad view of what constitutes a security," explains Joshua D. Jones, Birmingham, AL, cochair of the Section of Litigation's Securities Litigation Committee.
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