US court equated ICO tokens with securities

Brooklyn District Court equated ICO with securities issue. The decision was made as part of the consideration of the case of fraudulent token sales of businessman Maxim Zaslavsky. As Bloomberg writes, at the preliminary hearing, Judge Raymond Deary agreed with the prosecution, which stated, that in the framework of federal criminal law, the initial offerings of coins are equivalent to the issue of securities. The case remains to be considered by the jury, And, if they agree with this verdict, this will be a precedent for all similar productions.