07 Aug '13, 3pm

“Bitcoin is … money” — judge says SEC can target Ponzi schemer

“Bitcoin is … money” — judge says SEC can target Ponzi schemer

A Texas man who is being sued by security regulators for swindling investors failed to persuade a federal judge that the case should be tossed out since the scam involved the crypto-currency Bitcoin and not traditional money. In a Tuesday ruling, the judge said the SEC could pursue a Ponzi scheme case against Trendon Shavers because “Bitcoin is a currency or form of money” and because “the [..] investments meet the definition of investment contract, and, as such, are securities.” The case is significant because it further defines the legal status of Bitcoin , a computer-mined currency that is popular with speculators and that has also, in recent months, attracted growing scrutiny from the U.S. government. In the Texas case, Shavers promised interest rates of up to one percent a day to Bitcoin investors but, when the scheme collapsed, those who had not pulled out lost 263,1...

Full article: http://gigaom.com/2013/08/07/bitcoin-is-money-judge-says-...

Tweets

A federal judge in Texas has determined that bi...

blogs.wsj.com 07 Aug '13, 11pm

You may not carry it in your wallet, but a federal judge in Texas has determined that bitcoin is indeed a form of money. B...

Bitcoin is officially money in the US, rules ju...

mobile.reuters.com 07 Aug '13, 10am

Bitcoin exists through an open-source software program. It is not managed by any one company, it is not regulated by any c...

Judge to Bitcoin: You Are Money

wired.com 08 Aug '13, 10am

Casascius Bitcoins, physical coins that represent digital currency. Photo: Mike Caldwell Trendon Shavers recently turned u...

Bitcoin = Money, Says Judge - MoneyBeat - WSJ v...

blogs.wsj.com 07 Aug '13, 6pm

You may not carry it in your wallet, but a federal judge in Texas has determined that bitcoin is indeed a form of money. B...

Bitcoin is

reuters.com 06 Aug '13, 11pm

By Sarah N. Lynch Tue Aug 6, 2013 6:55pm EDT (Reuters) - U.S. regulators got the green light from a federal judge to proce...

U.S. judge says SEC can pursue Bitcoin-related ...

reuters.com 06 Aug '13, 11pm

By Sarah N. Lynch Tue Aug 6, 2013 6:55pm EDT (Reuters) - U.S. regulators got the green light from a federal judge to proce...

U.S. judge says SEC can pursue Bitcoin-related ...

news.yahoo.com 06 Aug '13, 11pm

(Reuters) - U.S. regulators got the green light from a federal judge to proceed with their lawsuit against a Texas man acc...

Federal Judge Rules Bitcoin Is Real Money

forbes.com 07 Aug '13, 6pm

It's actually money, says judge (and SEC) Trendon Shavers is accused of being the Bernie Madoff of Bitcoin. The SEC is goi...

US judge rules bitcoin ‘is a currency or form of money’

US judge rules bitcoin ‘is a currency or form o...

coindesk.com 07 Aug '13, 12pm

A judge in Texas has ruled that bitcoin is a currency or form of money, which gives the Securities and Exchange Commission...

US judge rules bitcoin is real money:

finextra.com 08 Aug '13, 9am

Last month the Securities and Exchange Commission charged Trendon Shavers with running a bitcoin Ponzi scheme through his ...

A judge says Bitcoin is money. Doesn't matter. ...

lfb.org 09 Aug '13, 3pm

“Bitcoin was designed to reduce transaction costs, and allows users to work together to validate transactions by creating ...

A US federal judge has ruled that Bitcoin is a ...

rt.com 08 Aug '13, 12am

A US federal judge has ruled that Bitcoin, the decentralized digital currency, is a legally recognized tender. The determi...

Bitcoin Clampdown Continues As Federal Judge Sa...

techcrunch.com 07 Aug '13, 11pm

First, the Court must determine whether the BTCST investments constitute an investment of money. It is clear that Bitcoin ...