Crypto Mining-Linked Products Weren't Securities, Jury Finds

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” href=”https://www.law360.com/cybersecurity-privacy/articles/1436790?utm_source=rss&utm_medium=rss&utm_campaign=section#”>Elise Hansen

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Law360 (November 2, 2021, 6:03 PM EDT) — A series of digital-asset products linked to a cryptocurrency mining operation do not count as securities, a Connecticut jury found Monday in what a defense lawyer called a first-of-its kind verdict.

The jury on Monday cleared Stuart Fraser of liability for GAW Miners LLC’s alleged misconduct and found the products in question, which included a virtual currency and a digital wallet, were not investment contracts. Whether certain crypto-related products are securities

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