In August 2018, the US District Court for the Northern District of California issued an order with broad implications for the cryptocurrency industry: companies headquartered abroad may nonetheless be subject to US securities laws if their activity – including server locations and blockchain validation node clusters – indicate that sales were conducted in the United States.

This decision appears to be the first time that a US court has taken blockchain infrastructure into account when assessing the applicability of US securities laws to overseas actors, and we expect it to serve as an important precedent for courts presented with similar jurisdictional challenges.

Click here to read more.