The cryptocurrency industry lands a blow against the SEC (for a change)

Regulators in the US have suffered a setback in their push against ICOs…

In America, the Securities and Exchange Commission (SEC) has been winning few friends in the cryptocurrency industry. It’s failed to ratify a series of Bitcoin-basked exchange traded fund (ETF) applications, and more recently has been ruling against a bunch of ICOs, imposing fines and demanding better communications with investors.

For a minute, though, the proverbial boot appears to be on the other foot.

One of the companies who’d faced the ire of the SEC was a projected called Blockvest. The SEC had argued that Blockvest was a securities offering, and was looking to impose sanctions of sorts as a consequence. Furthermore, it asked the US federal court to grant it a preliminary injunction, that would have frozen the assets of Blockvest, amongst other penalties.

However, that argument was challenged, and the federal court have now, at least for the time being, ruled in favour of Blockvest. The…