With the plaintiffs’ bar setting its sights on initial coin offerings, a body of precedent will soon develop analyzing digital tokens under U.S. securities laws. Last week, United States Magistrate Judge Andrea M. Simonton began developing that body of law in Rensel v. Centra Tech, Inc., No. 17-CV-24500, 2018 BL 227097 (S.D. Fla. June 25, 2018). Although Judge Simonton’s opinion does not tackle many of crypto’s most-pressing questions, it serves as a guidepost for future actors in an industry desperate for clarity. To read more, click here.