Mitigating Crypto UDAAP Risk After Ripple ICO Ruling

5 minute read | March.12.2020

Cryptocurrency advocates have long argued that cryptocurrencies are not securities, and therefore not subject to state and federal securities laws.

But a district court in California just shed light on whether advocates' desired outcome also carries a substantial downside: application of state and federal laws against unfair, deceptive, or abusive acts or practices, such as California's Unfair Competition Law.

Originally published in Law360; reprinted with permission.