09 Aug '13, 1am

Federal judge: Bitcoin ‘can be used as money,’ subject to SEC

Federal judge: Bitcoin ‘can be used as money,’ subject to SEC

A federal judge ruled that Bitcoin, the fledgling online currency that has exploded in value since its initial introduction in 2009, is in fact real money. The decision bodes poorly for Trendon Shavers, a Bitcoin banker accused by the Securities and Exchange Commission (SEC) of running a Ponzi scheme costing unwitting investors over 260,000 Bitcoin, at the time nearly $3 million in old-fashioned American dollars. Forbes reports that Shavers defended himself by arguing that Bitcoin was not real currency, and therefore the SEC had no jurisdiction over any transactions in the virtual currency. Texas Magistrate Judge Amos Mazzant rejected that argument on Tuesday. “It’s clear that Bitcoin can be used as money,” he wrote . “It can be used to purchase goods or services, and as Shavers stated, used to pay for individual living expenses.” Bitcoin is a virtual online currency whose...

Full article: http://dailycaller.com/2013/08/08/federal-judge-bitcoin-c...

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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, 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...

'Bitcoin is a currency': Federal judge says the...

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...

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 ...

Bitcoin

Bitcoin

bloomberg.com 08 Aug '13, 3pm

This week, a ruling by a federal judge in Texas was cause for optimism among a small group of technologically minded inves...

“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...

Federal judge: Bitcoin, “a currency,” can be re...

arstechnica.com 07 Aug '13, 4pm

In the case of a Texas man accused of massive Bitcoin-based fraud, a federal judge has ruled that bitcoins are “a currency...

Federal Judge Rules Bitcoin Is A ‘Form Of Money’:

Federal Judge Rules Bitcoin Is A ‘Form Of Money’:

houston.cbslocal.com 09 Aug '13, 3pm

MCKINNEY, Texas (CBS Houston/AP) — A federal judge rules this past week that Bitcoin is a “form of money.” U.S. Magistrate...

Federal Judge Declares Bitcoin a Currency

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...

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...

It's Not That Bitcoin Can Be Regulated As Money: It's That Now Bitcoin Will Be Regulated As Money: I'm slightl...

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 ...

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...

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...

Bitcoin is a legitimate form of 'currency,' a f...

news.cnet.com 08 Aug '13, 12am

The digital currency Bitcoin gained a measure of legitimacy this week when a federal judge ruled in a fraud case that Bitc...