SEC Heightens Crypto Crackdown, While US Court Ruling Marks Cryptos as Securities

Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link.

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New York Judges Rules Securities Laws Be “Flexible” And Apply To Cryptocurrencies

In an apparent first, a New York federal judge has ruled that U.S. securities laws are applicable for prosecuting crypto fraud allegations. During the fraud case against Brooklyn resident Maksim Zaslavskiy — who allegedly defrauded investors by promoting two cryptocurrencies reportedly backed by real estate and diamonds — U.S. District Judge Raymond Dearie ruled that federal securities laws could apply to the case. In Dearie’s words, federal securities laws should be interpreted “flexibly,” thus dismissing a motion from Zaslavskiy’s lawyers to drop the charges on the grounds that the…