Even the Securities and Exchange Commission can’t win them all.
A federal judge has denied a preliminary injunction filed by the SEC that sought to freeze assets belonging to cryptocurrency startup Blockvest based on alleged violations of securities laws.
U.S. District Judge Gonzalo Curiel ruled the SEC had not proven its case regarding Blockvest or founder Reginald Buddy Ringgold, CoinDesk reports.
The SEC first brought charges against Blockvest and Ringgold in mid-October, accusing the two of falsely claiming the regulator had approved of its token sale, among other issues. Read more here.