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Tech Brew Ride Home

Tue. 09/11 - ICOs Now Officially Securities?

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.71K Ratings

🗓️ 11 September 2018

⏱️ 21 minutes

🧾️ Download transcript

Summary

ICOs now officially securities, some steps backward in the self-driving car space, parsing the Zuckerberg New Yorker profile, and did Facebook disrespect the memory of Burt Reynolds?  Stories from: @eosnos Tweets: @ezraklein, @BrendanNyhan Links:US Judge Rules ICO Frauds Fall Under Securities Law (CoinDesk)Renesas in $6.7 billion deal for IDT to boost chips for self-driving cars (Reuters)GM's Plan to Test Autonomous Cars in New York City Seems to Have Gone up in Smoke (Jalopnik)How to prepare your iPhone for a trade-in program (The Verge)Can Mark Zuckerberg Fix Facebook Before It Breaks Democracy? (The New Yorker)Facebook Apologizes For Taking Down Your Horny Burt Reynolds Posts (Vulture) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Tech Meme Right Home for Tuesday, September 11th, 2018. I'm Brian McCullough.

0:09.0

Today, legal precedent is set in the crypto space,

0:14.0

some interesting moves as well as some steps backwards

0:16.7

in the autonomous vehicle space,

0:19.7

parsing the Zuckerberg New Yorker profile, and did Facebook disrespect the memory? the In what is probably the first criminal case of its kind in the US, a federal

0:36.7

judge has ruled that a pair of allegedly fraudulent initial coin offerings fall under U.S. securities laws, thereby allowing a criminal

0:46.5

case to proceed to trial next year, and thereby for the first time setting some precedent that an initial coin offering is a security for the purposes of federal criminal law at least. What's important about this is that I. C. O. C. O. C. O. C. O. C. C. C. C. C. C. C. C. C. C. C. C. C. C. C. C. C. C. C. C. C. C. C. C. C. C. A. A. A. A. A. C. O. C. O. C. C. O'Connor

1:05.0

the issue of whether or not they are actual securities for the purposes of

1:08.6

regulation, financing, liability, and now actual legal purposes, or if they were something else, something

1:15.4

not quite defined.

1:17.8

The case in question involves a pair of Iseos staged by a Brooklyn resident named

1:22.3

Maxim Zaslovsky, who was accused of committing

1:25.4

securities fraud by selling tokens which were supposed to represent shares in a

1:28.7

real estate venture and a diamond business. Zzili's lawyers argued that when it came to ICOs,

1:36.0

quote, securities laws are unconstitutionally vague as applied, end quote.

1:41.0

The judge in the case disagreed ruling

1:43.8

quote stripped of the 21st century jargon including the

1:47.0

defendant's own characterization of the offered investment

1:49.8

opportunities the challenged indictment charges a straightforward scam, replete with the common characteristics

1:56.4

of many financial frauds."

2:02.1

End quote. Interesting angle here in the self-driving car horse race Japan-based

2:06.4

Renesas, the second largest supplier of chips, used in cars, has agreed to buy US-based wireless chip maker integrated

...

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