California Judge Refutes SEC Attempts to Claim Blockvest Token as Security – Crypto Disrupt
In an important ruling, a South California district court has ruled that the SEC has no power to classify the Blockvest ICO token (BLV) as a security. Judge Gonzalo Curiel ruled that the SEC case did not satisfy the Howey Test, which is the legally established methodology to determine whether or not an asset constitutes a security.
