美国联邦法官裁定ICO应受美国证券法保护

目前,似乎ICO受现有美国证券法的保护 – 这意味着ICO运营商必须遵守现有的美国证券法或面临后果的风险。

A U.S. District Judge in Brooklyn has delivered a landmark judgement with far-reaching implications for the initial coin offering (ICO) market. Judge Raymond Dearie of the U.S. District Court Eastern District of New York today ruled that U.S. securities laws cover ICO token sales.The ruling came in a case against a fraudulent ICO promoter Maksim Zaslavskiy, whom prosecutors are looking to bring up on fraudchargesfor defrauding investors of more than $300,000 from a scam ICO called REcoin.

布鲁克林的一位美国地区法官作出了具有里程碑意义的判决,对最初的数字资产首次发行(ICO)市场产生了深远的影响。纽约东区美国地方法院法官Raymon Dearie今天裁定美国证券法涵盖ICO销售。这项裁决是针对欺诈性的ICO发起人马克西姆·扎斯拉夫斯基(Maksim Zaslavskiy)提起诉讼的,检察官正试图提起诈骗指控,骗取一家名为REcoin的骗局ICO超过30万美元的投资者。

In Sept. 2017, CCNreportedthat the SEC charged Zaslavskiy and two of his companies with defrauding investors through a number of ICO scams including REcoin. REcoin was marketed to investors as being backed byreal estate and diamond assets which in actual fact did not exist.

2017年9月,CCN报道美国证券交易委员会指控Zaslavskiy和他的两家公司通过包括REcoin在内的多项ICO骗局欺骗投资者。REcoin以房地产和钻石资产为后盾向投资者推销,实际上并不存在。

In a pioneering ruling, Judge Dearie refused to dismiss the case against Zaslavskiy, whose lawyers earlier pled for dismissal on the basis that the ICOs in question were currencies and not securities, placing them outside the jurisdiction of the SEC Act.

在一项开创性的裁决中,Dearie法官拒绝驳回对Zaslavskiy的诉讼,Zaslavskiy的律师早前曾因有关ICO是货币而非证券,将其置于SEC法案的管辖范围之外。

An excerpt from today’s hearing file reads:“He [Zaslavskiy] argues that the securities laws are unconstitutionality vague as applied. The Government, meanwhile, asserts that the investments made in REcoin and Diamond were “investment contracts,”and thus “securities,” […] and that these laws are not unconstitutionally vague.”

今天听证会文件的摘录如下:“他[Zaslavskiy]认为证券法是违宪的,因为它适用。与此同时,政府声称,对REcoin和Diamond的投资是“投资合同”,因而是“证券”,并且不违宪。”

Judge Dearie’s ruling on this matter was that an ICO is indeed a security for the purposes of federal criminal law, which is what prosecutors have argued since last year.Dearie has become the first judge to deliver a ruling that places ICOs firmly within the jurisdiction of securities regulators, and this could potentially have important implications for the ICO market by creating a precedent for future cases.

Dearie法官对此事的裁决是,ICO确实是联邦刑法的保障,这是检察官自去年以来所主张的。Dearie裁决的含义美国证券交易委员会声称,REcoin ICO骗取投资者30万美元。Dearie已成为第一位提出将ICO牢牢置于证券监管机构管辖范围内的裁决的法官,这可能通过为未来案件开创先例,对ICO市场产生重要影响。

US Judge Claims ICOs Are Covered By Securities Laws in Case Against Maksim Zaslavskiy. The crypto industry achieved a landmark legal milestone in the United States today as a US judge claimed ICOs are covered by existingsecurities laws.

美国法官索赔ICO受Maksim Zaslavskiy案件的证券法所涵盖。加密行业今天在美国取得了具有里程碑意义的法律里程碑,因为美国法官声称ICO受到现行证券法的保护。

Asreportedby Bloomberg, an American court has decided that U.S. securities laws cover initial coin offerings.A federal judge in Brooklyn, New York refused to dismiss the case of a man charged with promoting digital currencies through anICO. The ICO tokens were purportedly be backed by investments in real estate and diamonds. Unfortunately for the ICO and its backers, however, prosecutors claim the real estate investments and diamonds never existed.

正如报道彭博社,美国法院已决定,美国的证券法律涵盖数字资产首次发行的产品。纽约布鲁克林的一名联邦法官拒绝驳回一名男子通过ICO宣传数字货币的案件。据称ICO代币得到房地产和钻石投资的支持。然而,不幸的是,对于ICO及其支持者,检察官声称房地产投资和钻石从未存在过。

It’s believed to be the first criminal case of its kind.U.S. District Judge Raymond Dearie of New York agreed with the government on Tuesday by stating that an initial coin offering is a security sale for purposes of federal criminal law.In other words, we don’t need to create a new set of regulations around ICOs: initial coin offerings are already covered by existing regulatory framework in the United States.

它被认为是同类中的第一个刑事案件。纽约的美国地方法院法官Raymond Dearie周二同意政府的意见,称数字资产首次发行是出于联邦刑法的安全销售。换句话说,我们不需要围绕ICO制定一套新的法规:初始硬币产品已经被美国现有的监管框架所涵盖。

The case first made headlines back in January. “Can bitcoin be regulated? US courts are about to decide,” announced Bloomberg in their first writeup on the case.

该案件于1月首次成为头条新闻。“比特币可以受到监管吗?美国法院即将决定,“布隆伯格在案件的第一篇文章中宣布。

“Federal judges in Brooklyn, New York, are about to rule on the question. In doing so, they could determine whether Bitcoin and other stateless currencies are securities that can be regulated like stocks or bonds. Courts across the country are likely to consult these rulings when considering other cybercurrency cases.”

“纽约布鲁克林的联邦法官即将审查这个问题。通过这样做,他们可以确定比特币和其他无国籍货币是否可以像股票或债券一样受到监管。在考虑其他网络货币案件时,全国各地的法院都可能会参考这些裁决。“

As revealed today, the US judge sided with prosecutors and dismissed Zaslavskiy’s lawyers’ claims that thetokens sold in the ICOwere not securities. Moving forward, US prosecutors will charge Zaslavskiy based on existing US securities laws. They won’t treat ICO tokens as a special asset class with unique laws.

据今天透露,美国法官支持检察官并驳回了Zaslavskiy的律师关于在ICO出售的代币不是证券的说法。展望未来,美国检察官将根据现行的美国证券法向Zaslavskiy收取费用。他们不会将ICO代币视为具有独特法律的特殊资产类别。

Will This Ruling Extend to All ICOs?

这项裁决会延伸到所有ICO吗?

Some see this as a victory for crypto: it’s a way for crypto to continue entering mainstream financial markets without rewriting financial rules.Others see it as a defeat, because it means all tokens sold during ICOs could be declared securities.

有人认为这是加密的胜利:这是加密继续进入主流金融市场而不改写金融规则的一种方式。其他人认为这是一场失败,因为这意味着在ICO期间出售的所有代币都可以被宣布为证券。

This court case will likely be referenced in future court cases regarding ICOs as evidence that US regulators consider ICO tokensto be securities. However, it seems unlikely that the ruling could extend to all ICOs and all companies.

该法院案件可能会在未来有关ICO的案件案件中被引用,作为美国监管机构认为ICO代币为证券的证据。但是,该裁决似乎不太可能扩展到所有ICO和所有公司。

It’s also important to note that most ICO operators already acknowledge existing American securities laws. They specifically address theHowey Test, for example, and claim their ICO token passes the Howey Test. If the ICO token doesn’t violate the Howey Test, then itwon’t be declared a security, and does not need to abide by existing securities laws. It’s when tokens violate the Howey Test that they start getting into trouble – as is the case with Zaslavskiy’s ICO from last year.

值得注意的是,大多数ICO运营商已经承认现有的美国证券法。例如,他们专门针对Howey测试,并声称他们的ICO token通过了Howey测试。如果ICO token没有违反Howey测试,那么它将不会被宣布为证券,并且不需要遵守现有的证券法。当代币违反Howey测试时,他们开始遇到麻烦 – 就像去年Zaslavskiy的ICO一样。

Ultimately, the impact of this Brooklyn crypto court case remains to be seen. For now, it seems that ICOs are covered under existing American securities laws – and that means ICO operators must abide by existing American securities laws or risk facing consequences.

最终,这个布鲁克林加密法庭案件的影响还有待观察。目前,似乎ICO受现有美国证券法的保护 – 这意味着ICO运营商必须遵守现有的美国证券法或面临后果的风险。

While the ruling comes as a boost for prosecutors, the it is by no means a final word on the matter. In his comments, Judge Dearie noted that the ultimate decision rests with a jury and that Zaslavskiy’s lawyers can in fact still present the argument contesting the jurisdiction of securities laws to the jury.

虽然这项裁决对检察官起到了推动作用,但对此事并非最终决定权。Dearie法官在评论中指出,最终裁决由陪审团决定,而Zaslavskiy的律师事实上仍然可以向陪审团提出反对证券法管辖权的论点。

作者:Bitcoin Exchange Guide News Team

来源: https://bitcoinexchangeguide.com/us-federal-judge-in-new-york-claims-icos-are-covered-by-securities-laws

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