James Alexander Michie: Judge Raymond Dearie in front of important case | LinkedIn
Author: James Alexander Michie
Previously, a case with the subtitle US v. Maksim Zaslavskiy, the first oral motion to rule out the first litigation (ICO) litigation offer challenged by the US Securities and Exchange Commission. UU (SEC)
It was given in the New York Federal Court of Brooklyn and also had the presence of the famous Judge Raymond Dearie, who ruled that, ultimately, the task of deciding if the ICO in question is transformed as a guarantee, would correspond a jury but also established that the accusations in the criminal indictment were sufficient to support that the ICOs offered values as a matter of law. Likewise, the decision made by Judge Dearie focused on the details of the Zaslavskiy OICs, leaving aside other unrelated ICO transactions, coupled with this the judge left a large part of various matters for the jury, also establishing that through his point of view, the accusation alone is strong enough to overcome the dismissal, but that’s where your review stops on a motion of dismissal.
Emphasizing what was established by Judge Dearie, I deal with relatively significant issues regarding SEC / ICO, especially if the statutes, rules, and regulations of the SEC were unconstitutionally vague and may not apply to Zaslavskiy ICOs and so on Zaslavskiy’s ICO sold securities or issued a currency.
It is necessary to clarify that the record of the case that the judge of more than 70 years used to issue his decision is transformed as unusually extensive and likewise has a litany of motions, reports, etc. Likewise some of the points highlighted by the famous Dearie can be seen that he faced him if an ICO is selling a currency or a guarantee, “According to the formal accusation, there were no diamonds or real estate, or coins, chips or coins of any type imaginable, despite the promises made to investors otherwise … Simply labeling an investment opportunity as a ‘virtual currency’ or ‘cryptocurrency’ does not transform an investment contract (a security) into a currency “.
Take a read: https://www.linkedin.com/pulse/news-flash-first-ever-us-federal-court-decision-declaring-stark
Source: John Reed Stark | LinkedIn