08 Aug '13, 10am

Judge to Bitcoin: You Are Money

Casascius Bitcoins, physical coins that represent digital currency. Photo: Mike Caldwell Trendon Shavers recently turned up in a Texas courtroom, arguing that Bitcoin is not money. Well, it may have been his lawyer making the case. But you get the idea. The dispute started earlier this summer, when the SEC charged the 30-year-old Shavers with using the digital currency to run a Ponzi scheme that amassed the equivalent of about $5 million. But when the matter came before a court in the Eastern District of Texas, Shavers insisted that Bitcoin is not subject to regulation by the United States; that his now-defunct business, Bitcoin Savings & Trust, never saw any money change hands; and that the SEC therefore has no right to hit him with a lawsuit. The court did not embrace this idea. On Tuesday, Judge Amos Mazzant ruled that Bitcoin is indeed money. “It can be used to purchas...

Full article: http://www.wired.com/wiredenterprise/2013/08/court-says-b...

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Bitcoin, you are money.

wired.com 09 Aug '13, 8am

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

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...

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finextra.com 08 Aug '13, 9am

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

Federal Judge Rules Bitcoin Is Real Money

forbes.com 07 Aug '13, 6pm

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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...

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lfb.org 09 Aug '13, 3pm

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

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

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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...

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dailycaller.com 09 Aug '13, 1am

A federal judge ruled that Bitcoin, the fledgling online currency that has exploded in value since its initial introductio...

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banktech.com 08 Aug '13, 3pm

A U.S. federal judge ruled yesterday that the virtual currency Bitcoin is real money and is subject to regulation by gover...

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nbcnews.com 08 Aug '13, 7pm

Shavers argues that the BTCST investments are not securities because Bitcoin is not money, and is not part of anything reg...

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It's Not That Bitcoin Can Be Regulated As Money...

forbes.com 08 Aug '13, 1pm

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

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

“Bitcoin is … money” — judge says SEC can targe...

gigaom.com 07 Aug '13, 3pm

A Texas man who is being sued by security regulators for swindling investors failed to persuade a federal judge that the c...

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yro.slashdot.org 07 Aug '13, 10pm

"An East Texas federal judge has concluded that Bitcoin is a currency that can be regulated under American Law . The concl...

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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...