Will Scammers Have to Answer before the Law? The First Precedents of Legal Proceedings
The New York court stated that the legislation governing securities is directly related to two ICOs which turned out to be scams. This verdict was one of the first of its kind and, in fact, laid the foundation for the further prosecution of fraudulent actors in America. In the opinion of crypto enthusiasts, the whole world has long needed legislative initiatives of this kind, but they should be introduced very carefully, after scrupulous consideration of all the factors that can be decisive in assessing the severity of the blame.
The New York court stated that the legislation governing securities is directly related to two ICOs which turned out to be scams. This verdict was one of the first of its kind and, in fact, laid the foundation for the further prosecution of fraudulent actors in America. In the opinion of crypto enthusiasts, the whole world has long needed legislative initiatives of this kind, but they should be introduced very carefully, after scrupulous consideration of all the factors that can be decisive in assessing the severity of the blame.