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12 May 2021

Five proposed crypto class actions in NY over unregistered securities dismissed

Five proposed crypto class actions in NY over unregistered securities dismissed


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Five proposed class-action lawsuits against crypto firms have been voluntarily dismissed without prejudice in New York federal courts — without costs or attorney fees to any party.

The lawsuits accused several crypto firms of causing investor harm by selling digital assets that were allegedly unlicensed securities without brokerage licensing, misleading investors, and engaging in market manipulation.

Paving the way for this week's dismissals was a securities fraudlawsuit against Israel-based Bancor over its BProtocol Foundationwhich was dismissed in February due to the plaintiff's failure to show damages caused, with the court also citing a lack of personal jurisdiction

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Why Fiat Experts Don’t Get Bitcoin
published: 56 minutes ago
There are various reasons traditional experts do not understand bitcoin and thus have negative views on it.

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cointelegraph.com

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